Political ‘fixer’ Bradley Tusk seeks $70M for Tusk Ventures’ sophomore fund

TechCrunch | 1/3/2019 | Staff
hoppers911 (Posted by) Level 4
Click For Photo: https://techcrunch.com/wp-content/uploads/2019/01/GettyImages-605683084.jpg?w=601

Longtime political operative Bradley Tusk got his start in Silicon Valley in 2011, when a little-known founder of a transportation startup requested his help surmounting regulatory barriers. That founder, Travis Kalanick, couldn’t afford Tusk’s $25,000 fee, so Tusk agreed to accept half of his payment in equity. As you can imagine, that deal worked out pretty well for Tusk, whose shares in Uber are now said to be worth $100 million.

Tusk (pictured) spent several years advising Uber’s expansion strategy and, in 2015, decided to turn his efforts into a full-fledged business: part venture fund, part political strategy. Today, Tusk and his partner, Jordan Nof, filed paperwork to raise $70 million for their second venture fund, Tusk Venture Partners II.

Spokesperson - Tusk - Ventures - Request - Comment

A spokesperson for Tusk Ventures didn’t immediately respond to a request for comment.

The New York-based firm previously brought in $36 million for its debut fund — capital it used to back scooter “unicorn” Bird; medical marijuana delivery company Eaze; the marketplace for household service providers Handy; cryptocurrency exchange Coinbase; and fintech startup Grove.

Addition - Capital - Startups - Tusk - Ventures

In addition to deploying capital into startups, Tusk Ventures lends its political expertise to support companies plagued with regulatory...
(Excerpt) Read more at: TechCrunch
Wake Up To Breaking News!
Don't panic!
Sign In or Register to comment.

Welcome to Long Room!

Where The World Finds Its News!