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VC firm helps startups "change the world"
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Is your startup the next Apple, Google, or Research In Motion?
If so, Garage Technology Ventures may have the resources to help take your company to the stratosphere.
Part of the company’s motivation “relates to a promise (to investors) to take a little bit of money and turn it into a lot of money”, said Garage Managing Director Bill Reichert.
“In three or four years you have to be able to, without being on cocaine or crack at the time you’re saying this, you have to believe that you can be doing 75 to 100 million dollars in revenue,” Garage Managing Director Guy Kawasaki said in 2008.
“It makes us feel very good when we can turn around and write a check to our investors”, said Reichert.
Garage is an early-stage venture capital fund that invests in entrepreneurs with huge dreams and a need for capital to turn their ideas into excellent businesses.
When asked about his own personal motivation for working with the firm, Reichert said “We get to work with several change the world entrepreneurs.”
The firm mainly assists companies in the software, services, clean technology, and material sciences industries with revolutionary concepts.
The company also considers prospects outside of it’s silicon valley base for innovative startups.
“Part of our thesis is most of the great entrepreneurs will not come from the highly successful serial entrepreneurs in Silicon Valley,” said Reichert.
For more information about GTV, visit their website at www.garage.com.
Email Khary Weeden at virgineon@yahoo.com with any comments or questions. You can visit Weeden’s blog at virgineon.blogspot.com.
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Entrepreneur Jon Fisher says Twitter and Facebook should have been profitable a few years back. Take a look.
Startups pitch at GreenNet '09 earlier this year. Good insight into green tech and pitching a company.
