Friday, January 27, 2012
"Phil is a founder of True Ventures with an expertise in early stage investing. He worked for many years learning the venture trade while at Summit Partners and at the predecessor firm to Lightspeed Venture Partners. He spent the crazy “internet bubble” years at ABS Ventures working with John Burke, and, in 2003, they co-founded a small angel fund, Blacksmith Capital, which set him on the path of pursuing the earliest stage technology companies that wished to raise modest, initial rounds of capital. Blacksmith proved on a microcosmic level what True Ventures has been able to institutionalize: great founders of early stage technology companies can and often prefer to start their businesses and get a lot of traction with $2.5 million or less of initial capitalization.
at 9:24:00 AM