The venture capital community was very well represented at Startup Riot last week. Partners from CEO Ventures, Kinetic Ventures, Noro-Moseley Partners, TechOperators and Value Plus Ventures were all in attendance. In addition partners from seed stage investing firms Imlay Investments, Profounder, Seraph Group, and Shotput Ventures were on hand.
Nine firms. Five of which are less then a year old. Too many individual angels to list, including the Atlanta Technology Angels. Who says there is no money in Atlanta? But why are all these investors flocking to a show put on by Sanjay Parekh and a handful of volunteers?
Because companies that presented at Startup Riot last year got funded and or acquired.
Purewire launched at Startup Riot. Raised $2 million. Pre revenue, pre product. Seed stage.
Global Crypto closed a round led by Imlay and included the Atlanta Technology Angels. Pre revenue, pre product. Seed stage.
Skribit took a little money from the Edison Fund. Money that kept Pul Stamatiou from making the trek to the valley when he graduated. Pre revenue. Seed stage.
Jungle Disk was acquired by Rackspace. While the amount was undisclosed, based on this report I would venture a guess that Dave Wright is going to put something between $5 million to $10 million in his pocket. Good for him. But this is a deal that at least one of the above named venture firms would have liked to take big.
Investors are going to Startup Riot because it is a source of good deal flow. And rumor is more deals are in the works.