Spark Capital Launches New Seed-Stage Investment Fund - Cambridge, MA

Spark Capital announced on Wednesday the launch of Start@Spark, an initiative focused on seed stage investments in the New York and Boston areas. The firm focuses on businesses media, entertainment, and technology sectors. Its new fund will offer seed-stage investments of up to $250,000. “Yes, we are in a global economic recession and yes the new media markets are being impacted,” the announcement said. “So, this must be a terrible time to fund a start-up company. Correct? Au contraire. This may be the best time in the last 8 years to start a company. While capital is scarce, the tectonic plates continue to shift creating major rifts. The walls are coming down and the barriers to entering new markets are falling along-side.”

http://www.sparkcapital.com/news/article/why_are_we_doing_this/