The venture capital firm, Foundation Capital, disclosed today its seventh fund amounting to $282 million in reserve money. The venture firm plans to invest the seventh fund in newly established companies at their early stages. In addition, the firm is also planning to divert part of the seventh fund into investments in clean technology, consumer technology and information technology.
Founded back in 1996, the Menlo Park, California based venture capital firm has under its total of $2.7 billion. From the venture firm's partner, eight of them including Charles Moldow and Ashmeet Sidana will be investing from this fund.
In previous discussion with Ashmeet Sidana and Charles Moldow, the topic of state venture capital and its unique relationship amongst its players was referred to as "coopatition". This means a combination of a little competition with little cooperation. Netflix, Chegg and Ebates are but a few of the most well-known companies that Foundation Capital has invested in since its inception.
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