The firm, based in Palo Alto, California, is still investing in start-up companies out of its initial fund of roughly $40 million, but plans to raise a second fund in early to mid-2011, said the limited partner, who wished to remain anonymous.
The plans to start a second fund come as a new generation of fast-growing Internet start-up companies, such as online coupon provider Groupon and social gaming firm Zynga, moves into the investor spotlight. Earlier this month, microblogging sensation Twitter raised $200 million in new funding from several venture firms.
To read the full, original article click on this link: Ex-Google exec's venture firm to raise $100 million: source | Reuters
Author: Alexei Oreskovic
