New Seed Stage Fund in Boston Debuts From Former Polaris Partner
Raising seed money for consumer startups might be getting a little easier here in Boston. A new seed stage venture capital fund just emerged from former Polaris partner Mike Hirshland. Hirshland left Polaris back in September to start the fund and unveiled Resolute.vc today in a blog post.
I’m thrilled to announce that my new firm, resolute.vc, is incorporated, open for business, and has a live website — the name is the url. Please come learn about us! Much, much more to come…
According to the sleek new site Resolute.vc is looking for “extraordinary entrepreneurs, provide them seed capital, and do whatever we can to help them succeed over the course of their careers.” The new fund will invest as little as $50k and as much as $750k in initial funding. It looks as if they like to be the lead investor in the seed round and no like “headless” rounds. The total size of the fund is also unclear and it looks like it will focus in three cities, San Fran, New York and Boston.
Resolute.vc appears to just be run by Hirshland, but he has lined up a stacked group of advisors and listed a bunch of big names as under “entrepreneur’s roundtable.”
Hirshland led Polaris’s investment in notable companies including Automattic (WordPress), Quantcast, Q1 Labs (acquired by IBM), Six Waves/Lolapps, KISSMetrics, Formspring, BlackArrow, Thing Labs (acquired by AOL) and Mail Bypass. Hirshland also sourced Sticky Bits, whose founders went on to restart the company as Turntable.fm.
from BostInnovation.com http://bostinnovation.com/2011/11/04/new-seed-stage-fund-in-boston-debuts-fro...