Techstars CEO David Cohen to Raise $150M Fund
While Cohen is best known as the head of Boulder, CO-based Techstars, he’s also an active investor who has made a few hundred “angel-scale” investments in startups across the country. Many of those startups, such as SendGrid and Orbotix, have Techstars pedigrees, but many others do not. Techstars has gained national and international attention as one of the leading startup accelerators, investing in nearly 300 companies since its first program in 2007.
The new fund, named Bullet Time Ventures 2014, would be Cohen’s third. His first fund, Bullet Time Ventures, was formed in 2009 and raised less than $5 million. Bullet Time Ventures II raised $25.6 million and was formed in 2011.
Today’s filing doesn’t have a lot of information other than saying Cohen will be the managing director along with Mark Solon, former managing director of the Boise, ID-based Highway 12 Ventures. Solon also is a partner in the funds Techstars invests, and his job with the startup accelerator is to help plot capital formation and investment strategy.
The SEC filing says that as of now, the first sale of shares in the new Bullet Time fund has yet to occur.
Cohen has yet to respond to a request for further comment. Check back for updates, as well as details from a recent interview with Cohen about angel investing in Colorado.