CAA/Draper VC Fund
Paidcontent posted a story earlier this week on an effort to raise a $150-200M venture capital fund, from the Creative Artists Agency and Draper Fisher Jurvetson. Brian Garrett and Rick Smith (who were at Palomar) are reportedly ivolved. No official world on where the fundraising actually is; I had lunch with Brian Garrett earlier this summer to talk about his effort to put together a new-media focused fund, but at that time they hadn’t yet closed any funding.
There are quite a few venture firms who are in fundraising mode right now in Southern California, including Zone Ventures, which is — interestingly enough — also affiliated with DFJ. Zone was fairly focused on the entertainment industry when it first started; that fund’s big win was DivX.
