News

Seattle VC funds busy fueling up. Dan Rosen leaves Frazier

Some fresh powder is dumping on the Northwest and it’s not snow, but money.

Madrona Venture Group, a Seattle venture-capital company with deep roots in the technology community, said it has completed raising its third fund — the first in seven years.

In addition to Madrona, a handful of other VCs in Seattle have either recently completed a fund or are working to attract money for a new one, signaling that early-stage companies in the Northwest may have more options in raising capital locally in the next couple of years.

By Tricia Duryee

Seattle Times technology reporter

Full Story: http://seattletimes.nwsource.com/html/businesstechnology/2002929490_madrona14.html

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Venture Capital: Expedia and Italy are an inspiring mix

By JOHN COOK
P-I REPORTER

What is it with former Expedia executives and Italy? First, former Expedia Chief Executive Rich Barton spends a year in Tuscany — only to return to Seattle to hatch the online real estate service Zillow.com.

Now, I learn that Mark Britton — the former general counsel and senior vice president at Expedia — is building a new startup called LegalRev after a semester in Florence teaching finance for Gonzaga University.

Britton, a former partner at Preston, Gates & Ellis, said he hit on the idea for LegalRev near the end of his stay while on the island of Sardinia.

Full Story: http://seattlepi.nwsource.com/venture/266663_vc14.html

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Related Story: CSFB Terminates its contract to raise Venture Capital Fund in Montana http://www.matr.net/article-18551.html

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