Skype Founder invests $4M in Berlin-based Venture (opens in new tab)

(techcrunch.com)

14 pointspace14y ago6 comments

6 comments

6 comments · 2 top-level

wheels14y ago· 2 in thread

It should be noted that while the first Atomico fund was mostly an internal fund from the Skype founders, the most recent fund was raised like a typical venture fund from a group of limited partners. Also there are folks other than the Skype founders involved and from what I gather they do most of the work with the portfolio companies.

The post makes it sound more like a large angel investment from a single Skype founder and given that a lot of angel investors style their investments as "Something Ventures" without actually raising a fund, it seemed worth clarifying.

paceOP14y ago

Good point. When reading the TC post this is clarified. I used "Skype Founder" as synonym for Atomico in the title for reasons of understandability -- most don't know Atomico from first glance. More precise would be "Skype Founder's Fund invests in ...". But anyway, Niklas has the highest influence regarding investment decisions and HE is the face of Atomico, so it's fair to talk about his investment in the title. Finally, we have a trend that most big investors typically invest through own venture funds.

robinwauters14y ago

The post doesn't make it sound like that at all (I'm the author), but this edited headline on HN does.

For what it's worth, Niklas led this round and touted 6Wunderkinder in a press statement.

moe14y ago· 2 in thread

Ahem. They have one product and it's... a todo-list. And not even a particularly good one.

Atomico desperate for investment opportunities?

paceOP14y ago

That would be a better title: "Skype Founder paid 4m$ for a To-do List" -- damn ;)

> Atomico desperate for investment opportunities?

You can get that impression if you take a look at their current portfolio.

robinwauters14y ago

They have one product but their flagship one (at least that's what they hope) is in the works, as the post explains.

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