IDG Eyes New Structure

International Data Group has announced it will simply serve as a limited partner - albeit a significant one - while its venture offices go out in search of third-party capital. Each of the firm's five offices traditionally has operated autonomously, with IDG being the sole limited partner in each office's stand-alone fund. But IDG Ventures Boston hopes to close on $150 million by early in the second quarter. "We're going to continue our strategic relationship with IDG, but this is the best way to go about building a real early-stage VC franchise in Boston," says Chip Hazard, a managing general partner with IDG Boston. The group traditionally has been organized along geographic lines, with separate fund structures for the Boston, West Coast, European, China and Vietnam offices. IDG Ventures' West Coast office also is prepping a new fund and recruiting two new partners.

Source: Venture Capital Journal

For more information, please contact:
Howard Sholkin
howard_sholkin@idg.com
617-239-7882