TECH in AMERICA (TiA)

SHARING AMERICA'S TECH NEWS FROM THE VALLEY TO THE ALLEY

Greylock Commits $100 Million to Investing in the Future of Marketplaces

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by Mike Isaac, courtesy AllThingsD –

VC firm Greylock Partners announced on Thursday that it will commit to investing at least $100 million in entrepreneurs and companies working on marketplaces, or, as Greylock’s Simon Rothman puts it, “network effects businesses and transaction businesses.” (Think Lyft, Wanelo, etc.) Greylock also promoted Rothman, an executive in residence since 2011, to the position of partner on the firm’s consumer investment team, where he’ll focus on marketplace investments.

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This entry was posted on August 30, 2013 by in STARTUPS and tagged , , , , , , , .

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