News

New venture firm, Divergent Ventures plans to invest in tech startups – Seattle fund created by three from Vulcan, Microsoft

A new early-stage venture capital firm is being created in Seattle by two former investment professionals from Paul Allen’s Vulcan Ventures and a 10-year veteran of Microsoft Corp.

Kevin Doren and Kevin Ober, both of whom worked at Vulcan in the late ’90s, have joined with Rob Shurtleff — a former manager and software developer at Microsoft, Hewlett-Packard and Digital Equipment Corp. — to create the new fund.

Doren declined to comment, citing Securities and Exchange Commission regulations that prevent public solicitation of funds. But VentureWire, which first reported the news yesterday, said that Divergent Ventures is trying to raise $100 million to invest in 15 to 20 startup technology companies.

By JOHN COOK
SEATTLE POST-INTELLIGENCER REPORTER

Full Story: http://seattlepi.nwsource.com/business/229448_venture22.html

Sorry, we couldn't find any posts. Please try a different search.

Leave a Comment

You must be logged in to post a comment.