Stephen Fleming organized a roomful of 20 kindred spirits last night. The purpose? To discuss a new seed fund to be based here in Atlanta. We tossed around a lot of ideas on the structure of the fund, the investment model, the target markets, etc. The discussion was lively and I think we all walked away with a broader view of things.
A great deal of discussion focused around Y-Combinator, Techstars and other similar models. While the group served up varied opinions on the details, we all agreed to the need, and our collective desire to make this a reality here in the Southeast.
It will be interesting to see how this continues to evolve. Whatever form this thing takes, it will serve to fill a big gaping void in the regional venture market.
Kudos to Stephen for taking the lead and organizing this thing … someone had to do it!
More soon …