Incidentally, Human Demand CEO Howie Schwartz, the co-founder of OfferMobi, and an active investor in multiple funds (BHV, ff Venture Capital, Metamorphic), is also involved in ARC Angel, but insists he had to pitch the team like any other startup would, then had to leave the room when they made their decision.
The company is the brainchild of Howie Schwartz, the co-founder of OfferMobi, and an active investor in multiple funds (BHV, ff Venture Capital, Metamorphic) through which he has made other investments in startups like UpNext, Klout, 500px, GameSalad, and a lot of East Coat tech startups.
Limited partners, most of whom are invested in multiple funds, have increasingly balked at the practice, arguing that it increases their exposure to investments and reduces any claims to uniqueness on the firms' parts.
To provide a recent example, Vintage Investment Partners, an LP in multiple funds and founded by Alan Feld, has impressively made some 200 customer introductions this year.
"Limited partners are in it for success of partners as well as the firm, and they want to make a bet on partners who will be involved in multiple funds".
"If you have multiple goals, you need multiple funds," said Russell J. Kinnell, director of fund analysis at Morningstar.
By the racecourse is an accountant's office at which multiple foreign funds in India have their addresses.
Accel's investments include Russian hotel booking site Ostrovok and Brazilian review and recommendation platform Kekanto, both of which have raised multiple funding rounds since launched in 2010.
