Greylock Partners is stepping up its investment in online marketplaces. In a blog post on Thursday, the venture capital firm not only said that it was committing $100 million to continue to invest in marketplaces, but promoted entrepreneur-in-residence Simon Rothman to partner. In that position, Rothman will focus on startups building marketplaces, other network effects businesses and transaction-based startups, Greylock said.
via GigaOM http://feedproxy.google.com/~r/OmMalik/~3/r6R3iMov8S8/
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