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Funds and Fundability

Funds and Fundability

Peter Thiel Launches New Fund, Gives It Nerdiest Name Ever

Mr. Thiel, not at a scifi con. (Photo: flickr.com/techcrunch50-2008

Peter Thiel, Silicon Valley’s own Peter Weyland, just launched a brand new fund to focus on rocketships–in the Sheryl Sandberg sense, not the Elon Musk sense.

Businessweek reports that Mithril Capital Management has already raised $402 million, the idea being to invest in growth companies looking to make the leap from startup to big business.

Managing general partner Ajay Royan told the magazine: Read More

Funds and Fundability

Collaborative Fund Nabs Three New Investors and Partners With Code for America

collaborative img


Los Angeles-based Collaborative Fund, the socially-minded seed stage fund, has been ramping up in New York for about a year. Skillshare’s Mike Karnjanaprakorn is an advisor, while analyst Sebastien Park is CEO Craig Shapiro’s right-hand man. Now the fund is announcing three new investors, including Meetup’s CEO Scott Heiferman and RecycleBank cofounder Ron Gonen in New York as well as OpenTable cofounder Chuck Templeton in San Francisco.

“Right now we have no institutional capital invested in the fund, only exceptional individuals,” Mr. Shapiro said in an email. “I believe this allows us to be more agile and aggressive in pursuing our mission.

“This fund is, in a sense, a lean startup; we’re entering into a new market and validating the idea with founders. I want to first prove that we have a brand and investment strategy that is correct and show that we can return significant capital before evaluating the idea of increasing the amount of capital we are investing.” Read More

Funds and Fundability

Do GOOD, Make Returns: Collaborative Fund Ramps Up in New York

michael karnjanaprakorn

Idealistic New York entrepreneurs take notice: Collaborative Fund, the socially-minded seed stage fund started late last year by Craig Shapiro, former president at GOOD Worldwide, is ramping up its New York presence. Michael Karnjanaprakorn, co-founder of Collaborative Fund-funded Skillshare, just announced he’s officially advising and scouting for the fund in a role similar to what Chris Poole does for Lerer Ventures and Zach Klein does for Founder Collective. Read More