FORTUNE -- Venture capital firm Foundry Group is abandoning not only next-generation technologies, but this generation as well. Instead the firm now plans to focus on technologies that were popular 30 or 40 years ago.
"While the smartphone ecosystem has enjoyed tremendous growth, we believe with dropped calls and other software issues, people will eventually move 100% back to landlines," explains partner Ryan McIntyre. "For that reason, we will begin to invest in corded phone technologies."
Okay, yes this is all a joke. But it's also the premise for Foundry's new music video -- a follow-up to its 2011 YouTube smash "I'm a VC" (which featured a cameo by yours truly). Yes, they have too much free time on their hands.
Here's the world premiere:
Early-stage VC firm broadens its reach.
FORTUNE -- Earlier this month we spotted a regulatory filing from Foundry Group, suggesting that it had $218 million in commitments for a new $225 million-targeted fund. Seemed different than the Colorado-based firm's typical early-stage investing efforts, given: (a) Foundry had raised a new $225 million fund just last fall, and (b) The new effort was called "Foundry Select Fund," rather than "Foundry Group IV."
So MOREDan Primack - Aug 19, 2013 9:42 AM ET
A venture capitalist's new bet on an old gaming company.
FORTUNE -- Venture capitalist Brad Feld recently joined the board of Harmonix, the Boston-area gaming company best known for producing Guitar Hero, Rock Band and Dance Central. Or, from a business perspective, best known for being acquired by Viacom (VIAB) – which then got into a bitter earnout dispute with the company's co-founders and later sold it off via a giant tax write-off.
Feld MOREDan Primack - Apr 8, 2013 11:48 AM ET
Early Zynga backer snares $225 million.
FORTUNE -- Foundry Group, the Colorado-based venture capital firm best known for its early investment in Zynga (ZNGA), has closed its third fund with $225 million in capital commitments.
That's the exact same size as Foundry's first two funds, and virtually the exact same LP base. In fact, expect that Foundry's upcoming announcement on the fund close will be a literal cut-and-paste job from the prior MOREDan Primack - Sep 14, 2012 10:04 AM ET
Foundry backs another Boulder robotics start-up.
FORTUNE -- Venture capitalist Brad Feld is best known for his early bets on Internet companies, like Cheezburger, Feedburner (acquired by GOOG) and Zynga (ZNGA). But a lot of his attention these days is being consumed by robotics, which he likes to refer to as "software in plastic."
The latest example is Modular Robotics, maker of a robot construction kit for children. Here is how the company describes MOREDan Primack - Jul 23, 2012 8:44 AM ET
Do corporate salespeople need a new type of email? A new start-up says "Yes!"
Yesware came out of stealth mode today, offering a cloud-based email productivity solution for salespeople. It also formally announced a small round of seed funding from Google Ventures and Foundry Group. So I spent some time on the phone with company founder and CEO Matthew Bellows, to understand why salespeople need better apps. What follows is an MOREDan Primack - Sep 27, 2011 11:19 AM ET
A few months ago, I spent an afternoon hanging out with the guys at Foundry Group, a Boulder, Colo.-based venture capital firm that was among the initial investors in Zynga and AdMeld. Part of it was social (we had beers). Part of it was business (I asked a lot about Zynga, they told me nothing). But, most importantly, part of it was satire.
I was there to play a (very) small MOREDan Primack - Sep 6, 2011 9:34 AM ET
Want to have one of the world's best-performing venture capital funds? If so, it sure helps to have invested in Twitter and Zynga.
Ok, I can hear you muttering a collective "d'uh." But it really is striking to see the (paper) performance of such groups compared to many of their peers. This is no longer a market of four tiers: It's the rarefied best, and then the rest.
The University of Texas MOREDan Primack - Jun 6, 2011 3:42 PM ET
Integrate, a new lead generation platform for advertisers, today will announce that it has raised $4.25 million in first-round funding from Foundry Group. So I spent a bit of time chatting with Integrate co-founder Jeremy Bloom.
If that name sounds familiar, it may be because Bloom is the former Olympic skier who was barred by the NCAA from simultaneously skiing (i.e., taking paid endorsements) and playing football at the University of MOREDan Primack - Dec 14, 2010 8:00 AM ET
The Foundry Group, a Colorado-based VC firm known for investments in companies like Zynga and StockTwits, today will announce that it has closed its second fund with $225 million in capital commitments. It's also changing up what I once called "the best VC firm website ever."
First, the money: Foundry was launched in late 2006, out of the ashes of Mobius Venture Capital. It went out seeking to raise $175 million for MOREDan Primack - Oct 5, 2010 12:34 PM ET
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