Summer Shoots – Early Stage Seed Funds
October 19, 2009 Leave a comment
With news that we are officially out of the recession, barring of course a dose of double-dipping, it is welcome news to hear of a few new (predominantly) tech funds that have appeared over the Summer months, both in the UK and US. I picked up in a previous blog that some VCs were either 1) playing safe doing M&As and not reinvesting for the time being, or 2) beginning to play at the earlier stage of the venturing chain. It is now the time for those at the more fearless entrepreneurial end of the scale to start laying their cards on the table. There is a sense that despite all else that is going on, why should a downturn prevent us from getting on and making things happen. When there is a downturn, there sure to be a little bit of upturn somewhere. You just have to work harder and smarter while the deadwood is being cleared away.
Over the Summer there has been a lot of activity in early stage seed investing from Sequoia and Spark Ventures. Additionally, Step5 Ventures is the latest early stage fund to launch of which an article can be seen here.