Looking to shake up a stodgy business, a former Yahoo deal-maker turned seed investor plans to offer partnership stakes to entrepreneurs funded by his new company.
Venture capital firm will use new fund to focus on the mobile-consumer, enterprise, networks, and financial-services sectors.
The MegaUpload founder tweets that he's looking for partners and fund managers to kick off funding for privacy-focused startups.
Bloomberg Beta will focus on startups that produce insights from data, according to the media outlet.
Despite VC firms raising $4.1 billion during the first quarter of 2013, fewer firms are contributing and a new report suggests this may be a sign of decreased investment levels to come.
The company says that it will focus on the "mobile ecosystem." It also has bolstered its presence in China by appointing David Tang as its managing director there.
The venture-capital arm at Google previously invested up to $200 million a year in startups. Now, that figure will grow to $300 million, a managing partner tells Reuters.
The average corporate venture-capital funding deal during the period was $17.8 million, easily topping the first quarter's $13 million figure.
The company will use the cash to invest in late-stage companies.
Venture capital firm's sixth fund will focus on early-stage technology investments in Europe.