Veteran Silicon Valley venture capitalist Dino Vendetti formed a $15 million Bend-based venture capital fund.
“The conclusion I came to is the density of entrepreneurs and quality startup companies has vastly outpaced the capital formation activity in the state,” said Vendetti, the general partner and founder. “There’s a lack of capital, particularly at the early-stage levels. So as a result I saw a huge opportunity to launch a Silicon-Valley caliber, professionally-managed, early-stage venture fund.”
The fund — which has a minimum investment of $100,000, according to a Securities and Exchange Commission filing — invested in its first company, Bend tech startup Droplr, in September and closed a second investment this week, Vendetti said, but wouldn’t release the company’s name.
Read more at The Bend Bulletin.