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Great Pacific Capital Announces Venture Fund
High-Touch Financing for Local Technology Start-ups
Santa Barbara, CA – January 10, 2007 – Great Pacific Capital, a newly established early-stage venture fund manager, today announced creation of its first fund, Great Pacific Capital Partners I, focused on financing regional technology start-up companies.
The fund is managed by Dave Gross and Rusty Reed, both formerly of Fastclick, a local Internet advertising company that went public in 2005. The fund is designed to address the growing base of technology opportunities in the region and employs a hands-on or “high-touch” approach to accompany its cash investments.
“We believe in working directly with the management teams, helping them build a strong foundation for growth,” said Dave Gross, managing partner. “This strategy is provides them with the expertise they need in areas they may be unfamiliar with.”
The regional focus provides direct investor access to new ventures and direct entrepreneur access to organized, aggregated local capital. Investors and entrepreneurs both benefit from fund managers who are seasoned operators with ‘start-up to exit’ experience.
The firm is headquartered in Santa Barbara and is active in the tri-counties. Industries of interest include: new media/ecommerce/mobile commerce, software as a service (SaaS), medical diagnostics and wellness, manufacturing, renewable energy and alternative transportation systems. Additional information is available at www.greatpacificcapital.com .
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