Local Investors Launch New Fund

Venrock VP David Beisel is joining with former Spark Capital senior associate Rob Go and former Point Judith Capital principal Lee Hower to form a venture capital fund focused on investing in early-stage companies, Mass High Tech reported today, citing venture investors close to the three. Last month Go announced he was leaving his position at Spark to start a new venture, which he didn’t name or describe any further. Mass High Tech wrote that Hower announced his departure from Point Judith the following week, but that Beisel, who Wade interviewed a few years back, has not revealed any plans to leave his position at Venrock, a firm started as the venture capital arm of the Rockefeller family.

Author: Erin Kutz

Erin Kutz has a background in covering business, politics and general news. She holds a bachelor’s degree in journalism from Boston University. Erin previously worked in the Boston bureau of Reuters, where she wrote articles on the investment management and mutual fund industries. While in college, she researched for USA Today reporter Jayne O’Donnell’s book, Gen Buy: How Tweens, Teens and Twenty-Somethings Are Revolutionizing Retail. She also spent a semester in Washington, DC, reporting Capitol Hill stories as a correspondent for two Connecticut newspapers and interning in the Money section of USA Today, where she assisted with coverage on the retail and small business beats. Erin got her first taste of reporting at Boston University’s independent student newspaper, as a city section reporter and fact checker and editor of the paper’s weekly business section.