YouTube co-founder launches early-stage VC fund

YouTube co-founder Jawed Karim is launching an early-stage investment fund, YOUniversity Ventures, along with Slide founder Keith Rabois and Kevin Hartz, co-founder of Xoom and Eventbrite. The trio, all former PayPal employees, did not disclose how much money the fund will dispose of. According to its website, the venture will focus on former and current students at Stanford University and at the University of Illinois. The fund will also be “founder friendly”, a venture capitalist familiar with the deal tells private equity blog, PeHuB. However, PeHuB notes that YOUniversity has not registered itself as an investment group, “suggesting it may be little more than private money”. The three entrepreneurs have invested in several startups and are all backers of prediction marketplace BluBet. Karim reaped some USD65m when YouTube was sold to Google while Rabois, an early investor in YouTube, earned more than USD4m in Google stock from the sale. Hartz has invested in firms including Friendster, Feedster and TokBox, in which Karim is also a personal investor.

Published by Reinout te Brake

Reinout is a games investor and strategic business consultant specializing in the games industry. Reinout established his credentials through his own successful investments, start-ups, consulting and (advisory) board positions that led through time to strong bonds with key stakeholders in this fast paced industry. He is known for his outstanding results in the gaming industry. He has worked with many game studios around the globe and is therefore well known in the international gaming industry. Check out his games podcast; https://www.game-consultant.com

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