Monday, September 12, 2011
Founders of Sony's Crackle Start Venture Fund
The founders of Crackle, the online streaming video and movie site owned by Culver City-based Sony Pictures Entertainment, have announced a new venture capital fund. According to Josh Felser and Dave Samuel, the founders of Crackle, they have started a new venture fund called Freestyle Capital, with $27M in a Fund I close. It's unclear if Freestyle--which is based in the Bay Area--will be investing in entertainment related startups--most of the firm's investments are currently in the area of consumer internet.