TechStars founder David Cohen is raising $150 million for his Bullet Time Ventures company
David Cohen is known for launching the startup accelerator known as TechStars. Cohen is now planning on raising $150 million for a new personal investment fund called Bullet Time Ventures. This is around five times the size of Bullet Time II, which closed last year at $29 million.
Prior to starting TechStars, Cohen sold earFeeder.com to SonicSwap.com (2006) and sold Pinpoint Technologies to ZOLL Medical Corporation (1999). Today TechStars has seven locations: Boston, Boulder, Chicago, NYC, London, Seattle, and Austin. Each of these locations graduate two classes per year of 10 companies. Cohen started the Bullet Time Ventures fund in 2009.
Bullet Time Ventures invests in TechStars companies at the seed and follow-on rounds. The fund puts in between $50,000 and $200,000 per company. Some of Cohen’s investments include SendGrid, Next Big Sound, SimpleGeo, Twilio, and Uber.
[Source: VentureBeat]This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at +AmitChowdhry