5 Questions for Len Jordan, Frazier Technology Ventures
Frazier Technology Ventures yesterday said that it would no longer make new investments, nor raise another fund. As part of that announcement, general partner Len Jordan said that he would be joining fellow Seattle-based venture firm Madrona. So we’ve got 5 Questions for Len: 1. When did you guys formally decide that Fund III just wasn’t going to happen? Earlier, in the first half of this year. The fund-raising environment was just very difficult, and I don’t think we foresaw it getting much better anytime soon. We’re a relatively new group, so we drew the conclusion that we should suspend. I want to emphasize, though, that it had nothing to do with our portfolio, which we feel very good about. I think we have a lot of value inside our 11 active portfolio companies, and had a very good exit last year when SNAPin was acquired by Nuance.
