Chris Sacca, a prolific Silicon Valley angel investor, is closing on a new venture fund he’ll call Lowercase Capital, we’ve confirmed. The fund size will be in the $5 million range, and will make investments ranging from $50,000 – $150,000 per deal.
Sacca was previously the head of strategic initiatives at Google (he left Google in 2007), has invested in at least twenty or so startups in the last three years. Investments include Photobucket, Twitter, bit.ly, Someecards, Posterous and others.
Our understanding is that the fund is partially closed, and some or all of Sacca’s previous investments, including Twitter, will be moved to the new fund. Meaning new investors in the fund will start off with stock in Twitter.
Sacca didn’t respond to my request for comment. But I did track down Y Combinator cofounder Paul Graham and asked for his thoughts on Sacca, who has invested in a number of Y Combinator startups. Said Graham: “This fund could make a difference, because Chris is so different from most VCs. He isn’t driven primarily by fear.”
Reading through the companies Chris has invested in . . . I spotted Poll Everywhere . . would be cool to see TechCrunch incorporate that service into the TechCrunch50 event this year . . . and observe some real-time feedback on the presentations.
In other news, hero worshiping liberals ignore their fearless leader’s latest pronouncement to disconnect private computers from the Internet in the case of a Presidential declared emergency. As if these DC community organizers could disconnect private computers in the first place. Wetdream alert.
I like this idea. Their interactive presentation at YC was really engaging.
Sacca = Accas
Coincidence? I think not!
Appreciate TechCrunch delivering on-time news. Sure it’s interesting to see how this one plays out.
hmm, why in every country may people make big deal but in some country many poor people, i hope richman remember with the poor people in the world , particularly in Indonesia
could it be a bad thing for investors all these people starting their own venture funds ?
Looks link this guy is making good decisions to me… wonder whats next?
Chris Sacca (along with Ron Conway and a small handful of others) is an investor in the Valley who seem to have an intuitive sense of trends and have a nose for what is good and what is crap. Watch what he does and what he invests in–you’ll learn something for sure.
I wonder, with his bent towards charitable causes, if he’ll focus some of the investment capital towards ventures that aim to do social good. Obviously you’re not going to see the same kind of multipliers that you might with commercial ventures, but he’s just crazy enough to try something like that.
Nice shirt.
I love the logo very funny.
Interesting to see if it will just invest in these well connected startups like yc ones or go out and find some of their own.
Chris Bro, I know VC’s are like “don’t pitch me bro”, I need a seed round 50K. Help me out Chris. I’m building a new free dating site like “plenty of fish with a twist and trun and revenue on day one. call me any time 415 750 1921
Please send your email and NDA to my disposable email above and let’s discuss.
This is great news. This will help many start-ups to finally pitch. I wonder if they show any interest in Indian start-ups. Any comments?
Good article for start ups like ours to see which investors are breaking from the pack. Plus with a shirt like that (thumbnail above), you know Chris Sacca is a free thinker.
Isn’t he the same guy who invested in tipjoy.com like a year ago?
http://www.tech...yment-platform/
The project is now dead.
“We want to thank all those that have helped us along the way. For some detailed thoughts on shutting down, you can read our blog. Thank you to everyone who has supported and helped us along the way.”
congrats chris. keep on truckin.
Whenever I speak with Chris about a company he is working with, working is the operative word. He never reiterates the global takeover fantasy on the last slide on the most recent board meeting deck or what was discussed at the quarterly catch-up lunch. What I always hear about is what he learned while working with the teams he is working with, whether they are companies he’s invested in or non-profits that are truly making a difference.
Congratulations Chris, very exciting, well deserved news. Have a great time with it while you’re at it.
(And take care not to spread yourself too thin
look of lowcaps website says 1993. Them and blue rover labs are in a dead heat.
Great name. Is he also investing in Europe?
Chris is great! Looking forward to seeing him rock the VC world with lowercase.
Great news. Any interest in India start up companies ? We have a excellent and inovative Hydryforming project to be setup in India. Can we avail you Hand holding support ?
KIRAN MORE