Sacca Closes $8.5M Fund

Chris Sacca, the former head of special initiatives at Google who has been active as a Silicon Valley “super angel,” has announced the kickoff of a new $8.5 million startup investing fund at his firm Lowercase Capital. Sacca’s previous investments have included Bit.ly, Gowalla, Photobucket, Poll Everywhere, Posterous, and Twitter. Sacca told VentureWire that the limited partners in the new fund include unnamed venture firms, institutions, and wealthy individuals, and that the fund was oversubscribed (Sacca had initially targeted a $6 million close). “Thanks to all of our investors who entrusted their money to a guy who dresses like a mugged rodeo clown, and to our fine lawyers who reassured me I could get this done without having to shave or tuck in my shirt,” Sacca writes in his announcement of the fund’s closing.

Author: Wade Roush

Between 2007 and 2014, I was a staff editor for Xconomy in Boston and San Francisco. Since 2008 I've been writing a weekly opinion/review column called VOX: The Voice of Xperience. (From 2008 to 2013 the column was known as World Wide Wade.) I've been writing about science and technology professionally since 1994. Before joining Xconomy in 2007, I was a staff member at MIT’s Technology Review from 2001 to 2006, serving as senior editor, San Francisco bureau chief, and executive editor of TechnologyReview.com. Before that, I was the Boston bureau reporter for Science, managing editor of supercomputing publications at NASA Ames Research Center, and Web editor at e-book pioneer NuvoMedia. I have a B.A. in the history of science from Harvard College and a PhD in the history and social study of science and technology from MIT. I've published articles in Science, Technology Review, IEEE Spectrum, Encyclopaedia Brittanica, Technology and Culture, Alaska Airlines Magazine, and World Business, and I've been a guest of NPR, CNN, CNBC, NECN, WGBH and the PBS NewsHour. I'm a frequent conference participant and enjoy opportunities to moderate panel discussions and on-stage chats. My personal site: waderoush.com My social media coordinates: Twitter: @wroush Facebook: facebook.com/wade.roush LinkedIn: linkedin.com/in/waderoush Google+ : google.com/+WadeRoush YouTube: youtube.com/wroush1967 Flickr: flickr.com/photos/wroush/ Pinterest: pinterest.com/waderoush/