Seed round
Product Hunt raises $880,000 in addition to the $120,000 from Y Combinator. Investors include Kutcher’s A-Grade Investments, Ravikant, CrunchFund, SV Angel, and Greylock. Hoover:
Product Hunt has some advantages when it comes to fundraising. Because investors use it, we don’t have as much of a hard time getting in front of investors.
OpenDoor Series A
Arrington, Crunchfund, SV Angel, and Ravikant participate along with 27 other investors, contributing a total of $10 million to the homebuying startup.
Invested $500,000 in Napster
Conway reveals that SV Angel put in about $500,000 in the early stages of the company. The investment hasn’t previously been disclosed.
FrontBack seed round
Arrington, SV Angel, Seedcamp, and Hudson River Angels are among investors in the app, which creates composite images from the front and back cameras of a cellphone. The round raises a total of $910,000.
Disrupt NY interview
Arrington interviews Conway and Lee at the event. Conway says he is an executive investor in SV Angel and Lee is managing the fund.
But I have a huge vested interest…I get to come in and help entrepreneurs, I get to do what I enjoy
Lee responds to Arrington’s question over rumors the fund is looking to raise $400 million, saying it is looking at investment, but declines to give details:
We are exploring all options
Closes seed fund at $20m
Conway closes the fund with around 15 investments. He says oversubscription by family and friends doubled its size to $20 million. He says he has identified three megatrends where he plans to invest the money – crowd-sourcing realtime data like Twitter, Foursquare, and Quora; social media like Twitter and Facebook; and social commerce like Groupon and Gilt Groupe.
Snapguide seed round
Index Ventures leads a round that includes Arrington, SV Angel, and individual investors for $2 million. The app allows iOS users to create and share step-by-step how-to guides.
Adds $10m to SV Angel
Conway is reported to raise the money from outside investors to add to deal volume. He is already planning to put his own money into 30 startups in 2010.