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[其他] Metamorphic Ventures has a new, $50 million fund — and a new brand

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无心碍人 发表于 2016-10-6 00:42:26
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Metamorphic Ventures has a new, million fund — and a new brand

Metamorphic Ventures has a new,  million fund — and a new brand
   Metamorphic Ventures, a six-year-old, New York-based seed-stage fund, is officially taking the wraps off a $50 million fund — its third. The firm is also rebranding itself simply as Compound . (One-word names seem to be a growing trend; you might recall that Pejman Mar Ventures is nowsimply Pear.)
   The name change is a nod to the way that the firm sees itself — as an element that works among others, including its founders, advisors, and investors. The fund size, which is smaller than the firm’s $70 million second fund, likely owes to the departure of Marc Michel, a longtime investor who cofounded Metamorphic with David Hirsch, who was Google’s second employee in New York and stayed eight years before diving into venture capital in 2009. (Michel left in January to start yet another venture firm called Runway Venture Partners , which focuses more narrowly on post-seed-stage e-commerce startups. Michel appears to be in fundraising mode currently. Hirsch says the split was “completely amicable.”)
  We talked earlier today with Hirsch, who today runs Compound with Josh Nussbaum, a principal who has worked his way up from an analyst position in 2012. Among other things, he explained that the firm — which funds both East and West coast startups and originally invested primarily in digital media, commerce, payments, and ad tech — is now focusing on artificial intelligence and regulated industries like health care, among other newer areas of interest.
  What hasn’t changed, he said, was the size checks that Compound is writing, which average between $500,000 and $600,000. The amount of each company it wants to own at the outset — 7 to 10 percent — hasn’t changed, either.
   Compound has already funded five startups with its newest fund, though only two have been publicly disclosed: a video conference service called Pluot that closed on $2.5 million in seed funding last month; and Finova, a digital lending platform that closed on a   $52.5 million in equity and debt last month.
   Its highest-profile investments include the online crowdfunding business Indiegogo , a stake that came out of the firm’s $20 million debut fund. Exits include thesale of the ad retargeting startup Tap Commerce to Twitter in 2014 for a reported $100 million; the sale of the ad retargeting startup Chango to Rubicon Project for $122 million in cash and stock; and thesale of the ad retargeting startup Tapad to the Norway-based company Telenor for $360 million.
  One of its newest bets is a company that’s focused on recognizing the objects around autonomous vehicles. The company remains in stealth mode, says Hirsch.
花田锁住流年 发表于 2016-10-6 02:28:27
如果每个女朋友用一个字来代替的话,我的情史可以写一部长篇小说了。
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celover 发表于 2016-10-6 02:44:50
你会变成大海,然后被鲨鱼吃掉!
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情流感 发表于 2016-10-6 03:34:22
别拿你的木马,挑战我的密码。
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杜里红 发表于 2016-10-6 03:37:02
无心碍人的帖子提神醒脑啊!
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近日我浮躁 发表于 2016-10-6 11:28:00
长得真有创意,活得真有勇气!  
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Dataur 发表于 2016-10-8 17:19:11
有钱,任性...
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邓兴琼 发表于 2016-11-1 18:46:43
直播,握手!稍坐,楼主马上来!
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