Om Malik becomes partner at True Ventures

Om Malik, founder of the news site Gigaom and a journalist for more than 20 years, said he has become a partner at True Ventures and will give up his day-to-day reporting duties. He had previously been a venture partner at the firm.

In a blog post, Malik said he will remain on the Gigaom board and write an occasional columnist, but no longer function as a daily employee. He also noted that Gigaom raised $8 million in new funds in a deal led by Shea Ventures and joined by existing investors True, Alloy Ventures and Reed Elsevier Ventures.

You can read the blog post here.

Take your pick!

  • Buyouts delivers exclusive news and analysis about private equity deals, fundraising, top-quartile managers and more. Get your FREE trial or subscribe now.
  • VC Journal provides exclusive news and analysis about venture capital deals, fundraising, top-quartile investors and more. Get your FREE trial or subscribe now.

Sign up to our Newsletter

Receive updates from our PE HUB Wire and Top Stories of the Week newsletters:

We will not send you spam, and we don't share your email address with 3rd parties.