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Wednesday, 14 March 2012

My comments re: Another European Carrier Goes VC: Orange Partners With Publicis, Iris In $400M Fund | TechCrunch

Another European Carrier Goes VC: Orange Partners With Publicis, Iris In $400M Fund | TechCrunch:

B2C startup maybe (Fred Destin claims fund might be too much money for EU focused).. but hope they will be clever enough to look at more lucrative and not 'hit' based B2B startup market.. !? communicating what they might want to invest in would help for sure.

"Today sees the launch of one more venture capital fund backed by a large European telecoms carrier: Orange, the retail face of France Telecom, is teaming up with the advertising giant Publicis and Iris Capital Management to start OP Ventures Growth, a new $400-million-plus fund to back French and other European technology startups.

Orange and Publicis are contributing half of those funds, $200 million (€150 million) with the total to be used both for seed capital/early stage investments, as well as later rounds; and the deal will see the carrier and ad giant effectively become minority partners (24.5 percent each) in Iris.
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