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Crosslink Seed Fund makes 23 investments YTD

Venture capital fund The Crosslink Seed Fund has completed its 23rd investment of 2011. The USD20 million fund was launched in February 2011 with the objective of providing between USD100,000 and USD500,000 in seed capital to early-stage technology companies.

The Crosslink Seed Fund is a carve-out of the Crosslink Ventures VI Fund and is targeting roughly 20 investments each year in industries that include advertising, e-commerce, SaaS, financial services, gaming, big data, mobile and several others.

“We’re looking for entrepreneurs who are developing solutions to billion dollar problems,” says Eric Chin (pictured), Crosslink Capital partner who stewards the Seed Fund. “This fund is emblematic of Crosslink’s investment philosophy as a whole – providing capital to companies driven by exceptional people with a powerful vision and hunger for success.”

Chin noted that the Crosslink Seed Fund mirrors the way entrepreneurs themselves work – quickly and decisively. Once the firm identifies an interesting opportunity or an exceptional team, diligence is conducted quickly and the approval process is streamlined. Because of this decision-making agility, the entire process can go from first meeting to funding approval within a matter of days.

Crosslink does not take a board seat on the Seed Fund’s portfolio companies. Instead it gives full access to Crosslink’s expertise and counsel, and networking through the Alpha Club, an organisation of some 400 entrepreneurs and CEOs, which Chin co-founded.

“Our value-add goes well beyond the dollars we invest in these companies; it’s really more about helping the founders accelerate growth through a system of ongoing advice and sharing of best practices,” says Chin.

 

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