There’s a lot of money to be made (and lost) in tech. Bono is a founding member of Elevation Partners, a Silicon Valley venture capitalist firm with a squillion dollars in value, partly because the company made a very smart Facebook play. But he’s far from the only one dabbling in this area. Smashd has a few more times.
Meet the newest crop of rock star VCs.
Personas and agendas range. Some link their weighty names with products and causes before they even put down a single coin.
A puff of smoke from Snoop Dogg comes to mind, the hyphenate who’s barked his marijuana-centric bent for months before finally rolling up and deciding to start a fund to invest in new companies. Then there’s Chamillionaire, a bonafide “Entrepreneur In Residence” at Upfront Ventures, a Los Angeles-based venture capital firm.
Then there’s Linkin Park. The band recently appeared on CNBC, announcing their move to start investing in startups.
Guitarist Brad Delson summed it up, admitting that they’re not experts in tech or investing, but that they do want to link with people who are, and get involved with products that they believe in.
“This is a way for us to support those organizations that we really care about,” Delson added. Details are murky, but the rocker did say the band is working on four deals that they plan to announce in the coming weeks.
Hey, you have to find new revenue streams where you can, right? Read the rest of the article here.