Basil Peters |
Fundamental Technologies II - Angel Fund
I started FTII in mid 2005 with Rick Peterson. Rick is a financial industry professional with extensive contacts in North America and Europe. Our goal was to start an early-stage tech fund with an optimum structure and extremely low expeneses.
We also agreed to grow the fund only as quickly as I could find really exciting investment opportunities. This would maximize the returns to our investors because we would try not to maintain large cash balances.
The fund has done well, but one big early liquidity event has meant that FTII has been closed to new investors for quite a while. I hope that as the velocity of tech transactions increases, we can open up FTII again to new investors.
This is a link to the FTII website.
I've also been working on a general website on angel funds.