DBL Investors snags VantagePoint GP

The socially conscious venture firm that spun out of JPMorgan in January has hired Cynthia Ringo to help manage operations and investments.

Cynthia Ringo has joined “double bottom line” venture firm DBL Investors as a managing partner.

Cynthia Ringo

Ringo was most recently a managing director for VantagePoint Venture Partners, where for nearly six years she led its communications, systems, internet and media practice group.

While at VantagePoint, her group invested in more than 40 companies and Ringo served on boards of companies including LiveScribe, whose smartpen records audio as users take notes on specially designed paper, links the two together and uploads the information to a computer.

She was previously chief executive of Coppercom, a network switching company.

“Cynthia brings deep investing and operating experience to our team and shares our enthusiasm for investing in companies that pursue ‘double bottom line’ success,” Nancy Pfund, managing partner at DBL Investors, said in a statement.

San Francisco-based DBL describes “double bottom line” as a strategy that combines “strong financial returns together with positive social, environmental, and economic impacts”.

Ringo said in a statement that there is shift in ambition in the next generation of entrepreneurs.

“They still want to revolutionise industries, but now they also want their companies to have a positive impact on the community.”

DBL spun out of JPMorgan in January. It manages the Bay Area Equity Fund, a $75 million venture capital fund with 18 investments including BrightSource Energy and Tesla Motors.