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August Capital: Big deals for big fund

Posted on April 20, 2009

Helping StumbleUpon's founders buy back the startup from eBay Inc. (NASDAQ:EBAY) offers a hint of the innovative deals we can expect to see from August Capital Management LLC's new $650 million balanced-stage fund. PartnerDavid Hornik (pictured) tells The Deal that the firm has ambitious plans for thefund, which beat the firm's 2005 fund by $100 million and was the biggest venture capital fund raised in an otherwise rather disappointing first quarter. We can invest as much as $300 million in a single investment, Hornik says, explaining that last week's StumbleUpon deal offers a small taste of...

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