SOSV, the global venture firm, just closed a $100 million fund to back its maturing startups
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Sean O’Sullivan
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Summary
The new fund, he says, is expected to write checks of between $2 million and $5 million and even up to $10 million — or 10% of the fund, per SOSV’s agreement with its investors.Certainly, the new fund also gives startups even more reason to work with SOSV, which tends to write its seed checks to first-time founders, who O’Sullivan observes are often overlooked — wrongly — by investors in favor of repeat founders.He points to Apple, Microsoft, Facebook, Google and Alibaba, noting that landscape would look rather different without them.
As said here by Connie Loizos