Jeff Fagnan of Atlas Ventures has announced a new $200 million fund dedicated exclusively to financing technology startups. The fund is currently operating as FKA (“formerly known as”) and will be the first time that Atlas Ventures has split its tech/life sciences fund into two separate funds, with life sciences keeping the Atlas Ventures brand name. The firm announced the split back in October.
However, the fund won’t be called FKA for long.
FKA will be crowdsourcing the name for the fund from the community, offering a $50k investment in the new fund on the behalf of the winner, as though they were an LP. The carried interest will be divided in half, with the returns on the first $25k going directly to the winner and the other half going to any Tugg.org non-profit of the winner’s choosing.
For all intents and purposes, the winner is an investor in the…
View original post 177 more words