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Fastclick founder launches "Sideways" VC fund

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Published January 10, 2007 at 7:04 PM

Two former executives at online advertising company Fastclick Inc. have launched Great Pacific Capital, a venture firm focused on the Central California Coast region surrounding Santa Barbara.

Dave Gross and Rusty Reed hope to raise $50 million to invest in regional startups. They revealed today that have already made four investments:

1) Construction-industry software specialist Procore Technologies Inc. of Santa Barbara
2) Molecular diagnostics company Sirigen Inc. of Santa Barbara
3) Anatomic pathology researcher Celerus Diagnostics Inc. of Goleta
4) Personalized medicine company Jentryx/BioIQ

Gross wouldn't disclose how much the firm has raised so far or from whom, but told The Deal's Paul Bonanos it would focus on early stage deals. Additionally, Great Pacific Capital won't limit itself to online advertising startups like Fastclick, which was purchased in September 2005 for $214 million by ValueClick.

For more on Great Pacific Capital, see:
The Deal
Press release

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Comments

From: Roadrash,

DON'T have anything to do with these ass clowns. The Companies they've invested hate them!

Posted on: June 21, 2008 3:51 PM


From: dot bomb slacker,

Dave Gross sucks. Bye bye Procore...shitty business. GPC is a JOKE.

Posted on: July 14, 2008 6:56 AM


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