Entrepreneurial

Twilio raises second microfund from angels McClure, Conway

– Alastair Goldfisher is a contributor for PE Hub, a Thomson Reuters publication. He was also part of the judging panel at the Twilio Conference with Paul Singh of 500 Startups and Manu Kumar of K9 Ventures. This article originally appeared here. –

This week at the Twilio Conference in San Francisco, 500 Startups founder Dave McClure announced the launch of a second Twilio MicroFund of $250,000 to invest in companies that are based on Twilio’s Connect platform.

McClure and Ron Conway of SV Angel will each invest $125,000 in the fund. McClure will manage the investments, with Twilio serving as an advisor.

Twilio, a 500 Startup’s portfolio company, provides cloud-based telephony services. The San Francisco-based company, which is hosting a two-day conference, has raised more than $15 million in venture funding from 500 Startups, Bessemer Venture Partners, Union Square Ventures, Lowercase Capital and numerous angel investors.

The first Twilio MicroFund of $250,000 was supported entirely by McClure and launched in late 2010. It has funded 10 companies to date: Callyo, FastCall411, KnockKnock, Magnolia Prime, Order Mapper, Proven, Qwipd, Textaurant, Voicendo and Volta.

Entrepreneur’s tweet sparks fight with angels

– Connie Loizos is a contributor for PE Hub, a Thomson Reuters publication. This article originally appeared here. –

Last month, entrepreneur Matt Mireles published a tweet, asking: “Why is TechStars NYC run by a non-entrepreneur?”

The “non-entrepreneur” in question is 29-year-old David Tisch, whose grandfather built Loews into a Fortune 100 company that operates hotel chains, and whose family’s largess has helped bankroll numerous institutions, including the Tisch Galleries at the Metropolitan Museum of Art, and the Tisch School of the Arts at NYU. Since 2007, the young Tisch has been seed-funding startups with his brothers. According to his LinkedIn profile, he has also started two Internet companies, both of which were shuttered in less than a year’s time.

Dave McClure: SEO still relevant

A T-Mobile G1 Google is shown photographed in Encinitas, California January 20, 2010. REUTERS/Mike Blake

Dave McClure, venture capitalist and founding partner of the Silicon Valley tech incubator 500 Startups, remains a staunch advocate of search engine optimization and its benefits. He shares some of his thoughts about SEO with Reuters.

Q: Do you think it’s harder for startups to gain traction with SEO now that Google and other browsers seem to be more quality focused?
A: People can build a history in three to nine months. It’s not forever. There’s quite a bit of traffic being driven by search and quite a bit of monetization.

Startup incubators multiplying like “mosquitoes”

– This is a Venture Capital Journal article that  appeared on PE Hub – both are Thomson Reuters publications. –

There’s no denying that an incubator rebirth is taking place, thanks in large measure to Y Combinator.

Y Combinator clones are everywhere. Several dozen of them already exist and insiders expect more than 100 such incubators will be operating nationwide before long. And they’re busy churning out plenty of startups. This past week, AngelPad held a demo day for its startups to pitch VCs, its second demo day in less than six months.

The 100 most influential VCs and angels

– Mark Boslet is a contributor to PE Hub, a Thomson Reuters publication. This article originally appeared here. –

Any list of the 100 most influential venture capitalists and angels should include the likes of John Doerr, Ron Conway and Michael Moritz, right?

Not necessarily. And not if the list you’re referring to is the “100 Most Influential VCs, Angels and Investors” compiled by Lucy Marcus, the Huffington Post columnist and the non-executive board chair of the Mobius Life Science Fund.

Top 10 tech investing trends for 2011

– Dave McClure is a Silicon Valley venture capitalist and the founder of Internet seed fund 500Startups. He has worked with companies such as PayPal, Mint, Founders Fund, Facebook, LinkedIn, SlideShare, Twilio, Simply Hired, O’Reilly Media, Intel and Microsoft. The views expressed are his own. –

Over the holidays Silicon Valley is a ghost town while most geeks and venture capitalists are busy hitting the slopes at Tahoe or playing Angry Birds Holiday Edition.

If you haven’t had enough football or eggnog yet, stop reading this blather and go watch some grown men beat the snot out of each other while drinking yourself into yuletide stupor. If that doesn’t sound more appealing then you’ll just have to settle for my crazy tech predictions for this year.

Angel investor makes a Mint

From right to left: Dave McClure with Rob Hayes and Mark Goines at TechCrunch50, courtesy of Dave McClure

At 5-foot-8, Dave McClure calls himself “one of the smallest” venture capitalists in Silicon Valley, either “by height or by wallet size”.  But he was walking tall after Intuit announced it was buying Mint.com recently for $170 million.

That means McClure, who invested $25,000 in Mint two years ago as part of a Series A funding round, is in line for a healthy payout. At the time McClure was actually on Mint’s payroll as a consultant, but was so impressed with the startup’s founder, Aaron Patzer, that he took the money they were paying him and “turned it right back around and wrote them a check.”

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