Menlo Ventures has formally launched a $20m seed fund financed by its $400M fund MV-XI.
The Menlo Talent Fund focuses on investing in promising seed-stage startups and founding teams, committing $50,000 to $1M and taking decisions in as little as 24 hours.
Only two Menlo Ventures Managing Directors will be required for investments up to $250,000 and partners will not take board seats on any companies funded by Menlo Talent Fund.
The firm also announced the creation of Menlo Founders Council, a masters’ council consisting of mentors, advisors and investors to support entrepreneurs at Menlo-sponsored retreats and events.
FinSMEs
13/09/2011