Tuesday, September 20, 2005

"Even a chimpanzee could raise $100M": "There's been a lot of news lately about new venture capital firms getting off the ground. Primack has a summary here, of the various players, and some of them based in Silicon Valley. There's Menlo Park's Formative Ventures. There's Panorama Capital, the name chosen by the VC team from JP Morgan Partners. And there's the 'Brooks/Levine Fund,' raised by former Mayfield general partners Todd Brooks and Peter Levine, who Primack says are looking to raise $200 million for their first fund as a duo (story here). We don't at all imply that Michael Moritz, partner at Silicon Valley firm Sequoia Capital, meant to target these firms, when he reportedly said the following: 'I believe today even a chimpanzee could raise $100M for a venture capital fund.'" —SiliconBeat