Wednesday, March 7, 2012

Report: TechStars' David Cohen Raises $28M Angel Fund

David Cohen, the founder of Boulder-based TechStars, has reported raised a $28M, angel investment fund, the second personally run by Cohen. According to VentureBeat, the fund is independent from TechStars. Name of the new fund was not announced, however, Cohen's first fund was Bullet Time Ventures. The new fund is a significant increase from Cohen's original, angel fund, which was a mere $2.5M. The huge increase in the size of Cohen's financial resources comes after Cohen's TechStars has gained national prominence for accelerating promising startups, and where both Cohen's acumen as a manager of those efforts, and his own angel investments and exits, have gained him credibility among other investors. Cohen's original fund targeted investment of $50,000 to $200,000 in very early stage startups; it's unclear if those parameters have changed with the new fund.