Monday, August 9, 2010

Flywheel's Caruso Steps Down To Venture Partner

New Mexico-based venture firm Flywheel Ventures announced today that General Partner Scott Caruso is stepping down to a new role as Venture Partner, and will instead be pursuing a "dedicated leadership" role at an un-named entrepreneurial company. The firm said the move is official as of October 2010. Flywheel said that Scott will continue to be a General Partner in Flywheel I, and will help identify potential investments in his new role for Flywheel II. Flywheel has been in the midst of raising Flywheel II, its second institutional fund.