Today, the Maroon & Gold Fund, an "affinity fund" being run through Launch Angels was announced. The fund looks to raise up to $2 million from Boston College alumni and use that money to invest in 12 to 15 early stage BC-founded startups.
While the new fund will help propel BC—which has already produced some recent startup success stories such as Jebbit, NBD Nano—it also presents a new battleground for ultra-competitive college alumni to fight for bragging rights. Read MoreSemanticsSpot the difference: Secrets from the world of venture capital
Silicon Valley's Accel Partners and Cambridge-based Causeway Media Partners are among the investors pumping $35 million into SeatGeek, a search engine for tickets to sporting events, concerts, and other live events. Similar to the way Kayak.com scours the web for airfares and hotel rates, SeatGeek does the same across multiple ticketing sites like StubHub and Broadway.com.
Also putting money into the Manhattan-based startup are the rapper Nas, NBA All-Star Carmelo Anthony, and NFL quarterbacks Eli and Peyton Manning.
I have started to worry that instead of being in the press box for a Major League Baseball game, all of us who observe and cover the Boston tech scene are instead sitting in the aluminum bleachers of a Little League match that will end with a 24-19 score, and all of the players getting a trophy.
Read MoreOutside InfluenceBoston’s top VC dealmakers in Q2
Left unsaid in the announcement of the new $393 million fund raised by Charles River Ventures — oops, they're now called CRV — is that long-time partner Bruce Sachs is bowing out. Sachs still appears on CRV's website, but he confirmed to me this evening that he won't be involved in putting the new money to work. Sachs joined CRV in 1999 after a career in networking, and he was responsible for initially helping CRV put down stakes in California.
This is a guest post by Lee Hower of Boston venture capital firm NextView Ventures.
The rise of crowdfunding in the last three to five years as a source of capital has been remarkable. Tech startups and potential investors have had greater access to one another than ever before, and beyond the startup world, a broad array of projects have been able to successfully seek capital via crowdfunding. Read MoreNew VC star?Procyon Ventures, focusing on data and analytics, is newest venture firm in Cambridge
The theme of last week's Nantucket Conference on Entrepreneurship & Innovation was "BOS + NYC," and the event brought together founders and venture capitalists from both cities. Thankfully, there wasn't too much sports trash talk, or comparisons of the startup scene in the two cities.
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