Twitter Backer Sacca Raising Second Fund for Internet Startups
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Chris Sacca, the former Google Inc. executive turned Twitter Inc. investor and venture capitalist, is seeking investors for a new fund focused on startups, two years after creating his debut fund.
Lowercase Spur LP opened in late 2011 with Sacca’s own money and is now soliciting outside investors, according to a memo dated March 2012 and obtained by Bloomberg News. Sacca was talking to investors last year about raising as much as $50 million for the fund, said two people familiar with the matter, who declined to be named because the fundraising is private.