TechStars Founder David Cohen Creates $ 28 Million FundVallabh Rao
David Cohen, founder of one of the most well-known startup incubator TechStars has launched a $28M fund called Bullet Time Ventures II. This new fund will make initial investments of $50,000-$200,000. "I expect that at least half of the investments will be made into startups emerging from TechStars. However, the fund is also designed to invest in any Internet software startup, anywhere." said David in a blog post. David started a fund 'Bullet Time Ventures' in 2009 that has invested in seed and follow-on rounds of some interesting companies that have emerged from TechStars, such as SendGrid, Next Big Sound, and Orbotix; new companies founded by TechStars alumni, including SimpleGeo (acquired by Urban Airship) and Torbit; and invest in companies that are not directly related to TechStars such as GroupMe (acquired by Skype), Twilio, and Uber. That first fund is now finished making new investments."I’m excited to start making new investments right away and to continue to play a small role in support of great entrepreneurs and their startups that change the world." added David in his post.