A New Fund Cometh … Hopefully
Author: Scott Burkett
Publication Date: 16 August, 2007 (09:08)
Tags: atlanta, stephen_fleming, venture_capital
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 …
Cheers.
Comments
Comment from Blake Perdue
Time: August 25, 2007, 12:55 pm
I hope one day Atlanta will offer a version of Techstars or Y-Combinator. It would increase the number of happening web companies in Atlanta which would attract more developers, which would attract more investors, etc etc. I for one would love to participate in a boot camp for web ventures.
Comment from mike
Time: August 16, 2007, 9:31 am
I was priviliged to be in the room, and I think it’s going to happen. If it doesn’t, and if we’re still unhappy about the capital situation in Atlanta we need to look in the mirror.