Wednesday, October 2, 2013

UPDATE 1-Redpoint Ventures hires former Twitter executive Sarver in investment hunt

Reuters Tuesday 1st October, 2013

Tue Oct 1, 2013 9:58pm EDT

SAN FRANCISCO Oct 1 (Reuters) - Venture capital firm Redpoint Ventures said it has hired former Twitter Inc executive Ryan Sarver to be a partner as it seeks investment opportunities in technology applications and platforms.

Before leaving the social media network in June, Sarver was in charge of Twitter's platform, building relationships with other companies that use Twitter's data. He left his post before Twitter filed plans for an initial public offering that investors say is one of the most anticipated since Facebook Inc .

Redpoint is known for early-stage technology investments such as vacation-rental company HomeAway and digital-videorecording company TiVo. Earlier this year, it announced it had closed a $400 million early stage fund, Redpoint V. ...

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Source: http://www.europesun.com/index.php/sid/217459607/scat/d805653303cbbba8

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