Tuesday, January 28, 2014

Michael Ovitz Investor in Medium, New Startup Founded by Evan Williams

Twitter and Blogger co-founder Evan Williams
Michael Ovitz has invested in Medium, a startup launched by Twitter and Blogger co-founder Evan Williams.  The premise of Medium is to create a blend between the highly successful, pithy 140-character limit of Twitter with the publishing capabilities of a blogging platform.

In addition to Ovitz, the substantial $25 million round of funding included 'Greylock Partners, Google Ventures' Kevin Rose, SV Angel's Ron Conway, Chris Sacca, Peter Chernin, Tim O'Reilly, Michael Ovitz, Gary Vaynerchuk, Betaworks, Code Advisors, and CAA Ventures and Science.'

Last November, Williams became a billionaire during Twitter's IPO, and was until this recent round the primary investor in Medium.

Michael Ovitz is a well known investor and consultant in Silicon Valley.  His Broad Beach Ventures, founded in 2010, invests in early-stage technology companies; BBV's portfolio includes Palantir, Klout, Priceonomics, GoodRx, Blend Labs, HipSwap, Factual and many more.  Ovitz also consults with venture capital firms including Andreessen Horowitz, Formation 8, and Founders Fund


1 comment:

  1. Wow! Michael Ovitz is a model, an inspiration. Oh, btw, for entrepreneurs who have great startup ideas but lacks funding, I suggest visiting iSeed.. It's an angel group who focuses to very early stage startup.