“Funny how much emotion you can feel about a stranger. And yet every phone call I make, every time I’m on my computer, he’s part of it.” The words belong to writer Susan Orlean, writing yesterday about famed entrepreneur Steve Jobs. But one imagines that millions of people experienced the same, queer feeling, following the [...]
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Yesterday, we were the first to report that Alsop Louie Partners has held a final close on its second fund. It garnered $98.6 million in commitments after a two-year slog on the fund-raising trail.
Stewart Alsop, who co-founded the San Francisco-based firm five years ago, talked candidly with me about the process, and what’s changed from when it all started. Here’s our converation, edited and trimmed for length.
Q: What was the hardest part of raising this new fund?
A: The hardest part has been that institutional investors haven’t known what they want. They were all trying to figure out what their strategy was going forward, when all the rules changed [because of the financial crisis]. When they tell you, ‘We’re doing our asset allocation strategy,’ that’s code for …
Alsop Louie Partners, the 5-year-old early stage venture firm, just closed its second fund with $98.6 million, co-founder Stewart Alsop tells peHUB. Along with the fresh capital, the San Francisco-based firm has added three new partners: Joe Addiego, most recently a partner at In-Q-Tel (where firm co-founder Gilman Louie was once CEO); Bill Coleman, who [...]