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March 25, 2009

Today we are launching Start@Spark, a new initiative focused on seed stage investments in the Boston and New York areas.

In a way, it’s a continuation of the things we have always done – fund entrepreneurs very early on with big visions to change markets and solve meaningful problems.  But when the markets look the way they do now, it’s even more important to be agressive in this way.

My colleague Santo posted a blog describing the program.  The New York times broke the news (please see below for Bijan’s correction).

We are excited about what’s to come!

bijan:

I’m excited to share something we have been working on some time now. Today our firm Spark Capital introduced a new program called Start@Spark.

My partner Santo wrote a post describing our thinking and the new site describes our various initiatives including a new seed program.

I’m very excited about Start@Spark. Lots more stuff coming. Stay tuned!

—-

The NYT wrote a piece about Start@Spark but they incorrectly stated that Twitter was a seed investment. Yes, we are proud investors in the company and I’m on the board of the company but it was not a seed investment. We led the second round last year (USV did the first round the year prior).

—-

One more thing: I want to say many thanks to the team at Tumblr that built & designed the Start@Spark website & blog. You guys rock!

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