Feeds

Paul Allen gets out wad, plans investments in Silicon Valley firms

Mothership full of money sets down in Palo Alto

Build a business case: developing custom apps

Microsoft co-founder Paul Allen is dipping into his billionaire pockets for an office in Silicon Valley to make new investments in emerging tech and internet companies.

The office will be part of Allen's Vulcan Capital, the investment arm of Vulcan, which manages the former Redmonder's personal $15bn fortune.

The Palo Alto-based office will reportedly bet on internet, software and emerging tech firms, investing at the middle, late and pre-IPO stages rather than in startups. It will make investments in the $10m to $100m range, according to Vulcan.

Vulcan also announced that Abishek Agrawal, formerly at global growth equity firm General Atlantic, would be running the office and "focusing on expanding the firm's investments in the internet and technology sectors".

Allen has been investing in tech firms since the mid-80s, after leaving Microsoft when he was diagnosed with a cancer that was subsequently successfully treated. He's currently Forbes' 53rd richest person in the world, following investments in firms like AOL, DreamWorks and Ticketmaster. ®

The essential guide to IT transformation

More from The Register

next story
Microsoft exits climate denier lobby group
ALEC will have to do without Redmond, it seems
Caught red-handed: UK cops, PCSOs, specials behaving badly… on social media
No Mr Fuzz, don't ask a crime victim to be your pal on Facebook
Barnes & Noble: Swallow a Samsung Nook tablet, please ... pretty please
Novelslab finally on sale with ($199 - $20) price tag
Ballmer leaves Microsoft board to spend more time with his b-balls
From Clippy to Clippers: Hi, I see you're running an NBA team now ...
Kate Bush: Don't make me HAVE CONTACT with your iPHONE
Can't face sea of wobbling fondle implements. What happened to lighters, eh?
Video of US journalist 'beheading' pulled from social media
Yanked footage featured British-accented attacker and US journo James Foley
Amazon takes swipe at PayPal, Square with card reader for mobes
Etailer plans to undercut rivals with low transaction fee offer
Assange™: Hey world, I'M STILL HERE, ignore that Snowden guy
Press conference: ME ME ME ME ME ME ME (cont'd pg 94)
Call of Duty daddy considers launching own movie studio
Activision Blizzard might like quality control of a CoD film
prev story

Whitepapers

Implementing global e-invoicing with guaranteed legal certainty
Explaining the role local tax compliance plays in successful supply chain management and e-business and how leading global brands are addressing this.
7 Elements of Radically Simple OS Migration
Avoid the typical headaches of OS migration during your next project by learning about 7 elements of radically simple OS migration.
BYOD's dark side: Data protection
An endpoint data protection solution that adds value to the user and the organization so it can protect itself from data loss as well as leverage corporate data.
Consolidation: The Foundation for IT Business Transformation
In this whitepaper learn how effective consolidation of IT and business resources can enable multiple, meaningful business benefits.
High Performance for All
While HPC is not new, it has traditionally been seen as a specialist area – is it now geared up to meet more mainstream requirements?