Another Ray of Sunshine for VC Fundraising: Ex-USVP Partner Raises $35M for New Fund
After 12 years at Sequoia Capital and U.S. Venture Partners, Tim Connors hung his own name on the door Monday as managing partner of a $35 million micro VC fund called PivotNorth Capital. The fund took Connors two quarters and “25,000 miles of planes, trains, and automobiles” to raise, Connors wrote in a blog post. Connors told peHUB in an interview that the micro model reminds him of the venture business 20 or so years ago, when the Sequoias and KPs were smaller shops with fewer partners and staff. “I’m kind of going back to the tried and true business model,” he said. “There’s more than one way to be successful” in venture.
4 April 2011•2 mins read
