Ronnie Conway, an investor in Silicon Valley, is raising his third fund at an early stage SEC filing Which states that the fund target is $ 140 million and that the first sale has yet to happen.
The company now six years, Capital, Focuses on both consumer technology and enterprises, and has offices in Menlo Park and San Francisco.
Conway led the first phase program of Andreessen Horowitz (a16z) for almost four years in his first days and He left in 2013 To raise his first box, which closed with $ 51 million In capital commitments. He also collected two smaller parallel boxes at the time.
According to SEC cards, he sought $ 140 million for his second fund, though he did not announce his closure.
A.Capital today is managed by Conway, along with general partner Ramu Arunachalam (also formerly of 16z) and Kartik Talwar, who previously worked with Conway's topher brother, his famous father, Ron, in their separate company, SV Angel.
Conway retains far less status than his father, who throughout his career has fostered relationships not only with the founders but with technical correspondents and Local politicians.
Although the ancient history of the Silicon Valley years is now, Ronnie Conway is attributed to the introduction of a16z to Instagram when it was a photo-sharing application on mobile.
Conway, a former Googler, met Kevin Sistrum, one of Instagram's founders in several years when Sistrum also worked with the search giant, starting in 2006. It turned out to be a very useful introduction to a16z, although it may be very profitable. Although the company made an initial bet on Instagram, it did not pursue another examination because of a separate investment in a rival startup that would eventually falter (PicPlz).
It was a delicate problem at the time for the 16z, with some pointing to a missed opportunity. In fact, company founder Ben Horowitz felt compelled to do so Write in a blog post That's when Facebook got Instagram's $ 1 billion In 2012, a16z was a huge success, surpassing $ 78 million from its initial investment of $ 250,000 in start-up.