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April 19, 2013 11:31 pm GMT
Doug Renert told me yesterday that his firm Tandem, which backs early-stage mobile startups, is about to expand in a big way. The first step is bringing in more people, starting with two new partners that Tandem is announcing today Rohit Bhagat, formerly chairman of Asia Pacific for investment firm BlackRock, and John Ellis, co-founder and executive vice president of product and technology at ad tech company Turn.Tandem is currently investing in three startups a quarter, but Renert said he's hoping to do much more. At the same time, he doesn't want to change the firm's hands-on approach. He describes it as an accelerator with "muscle capital." Like other startup incubators, it mentors batches of startups and offers them office space. However, it makes a bigger investment than most $200,000 to start, and follow-on investments if the company is successful.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tWovdxB8e60/
Mobile Accelerator Tandem Doubles Partner Team With Rohit Bhagat And John Ellis, Announces New Startups
Doug Renert told me yesterday that his firm Tandem, which backs early-stage mobile startups, is about to expand in a big way. The first step is bringing in more people, starting with two new partners that Tandem is announcing today Rohit Bhagat, formerly chairman of Asia Pacific for investment firm BlackRock, and John Ellis, co-founder and executive vice president of product and technology at ad tech company Turn.Tandem is currently investing in three startups a quarter, but Renert said he's hoping to do much more. At the same time, he doesn't want to change the firm's hands-on approach. He describes it as an accelerator with "muscle capital." Like other startup incubators, it mentors batches of startups and offers them office space. However, it makes a bigger investment than most $200,000 to start, and follow-on investments if the company is successful.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/tWovdxB8e60/
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