Jeff Clavier’s New Seed Fund!
September 21, 2007
Jeff Clavier is perhaps the best known and most successful angel in the consumer internet space in recent years. Last year I had the opportunity to hang out with him at his house during the World Cup, I wrote about our meeting in a post titled, "Jeff Clavier - The Web 2.0 VC!" Singlehandedly, Jeff has funded more than twenty startups, having sold five in the last three years. He left Reuters Venture Capital a few years ago because as he explains, "my passion was working with early stage entrepreneurs, supporting them with time, cash and connections." His new seed fund, SoftTech VC II, LP, has $12MM to work with. He explains:
- invest in 30 to 40 seed stage startups
- average “bite size” of $250K, ranging from $100K to $500K
- able to lead, co-lead or follow other firms or angel syndicates
- focusing on consumer Internet, but with a great flexibility to enter new sectors opportunistically • open to a few non Silicon Valley deals
- capital efficiency, great teams, differentiated ideas and flexibility on “how big it can become” will be common characteristics shared by the companies we invest in
- working hand in hand with the best firms in Silicon Valley, and the usual suspects in the acquisition gang, to build a successful outcome for everyone involved
- I would be the sole Fund Manager of the fund, with the support of a fantastic advisory board: my friends Jon Miller, Josh Kopelman and Reid Hoffman
