Canoga Park, CA (PRWEB) November 11, 2004
Private equity and venture capital firm Funk Ventures today announced that John Waller has joined the general partnership of the firmÂs venture capital business unit, Funk Ventures Capital Partners (ÂFVCPÂ). The announcement was made by Andy J. Funk, CEO and Chairman of Funk Ventures.
Waller, who will carry the title of Managing Partner, has a solid track record as a successful investor, entrepreneur and senior executive and brings to Funk Ventures the proven ability to establish, grow and lead multi-million dollar corporations and investments. With special expertise in recognizing and developing opportunities, managing business growth, building management teams and managing cash flows, Waller adds significant value to the firmÂs investments and portfolio companies.
ÂWe are extremely excited to have John join our teamÂ, says Andy Funk, who will head up the firmÂs new interactive gaming venture fund with Waller. ÂJohnÂs experience as an entrepreneur and investor is unparalleled. He has sat on both sides of the negotiating table and closely resembles our value-add investment philosophyÂ.
Best known as having founded Interactive Imaginations in 1994, which he served as President, he established one of the worldÂs most successful web advertising firms, which became the predecessor to 24/7 Media (NASDAQ: TFSM). Waller grew the firm to over 120 employees and was instrumental in raising more than $40 million in venture capital from sources such as General Electric and Travelers Insurance.
Waller also co-founded Resume.com in 1999 and helped build the company from a three-person startup into a multi-million dollar business, and successfully negotiated the sale of the company to Adecoo SA in 2003.
As an investor, Waller has conducted highly successful incubations and investments in early stage technology firms. Acting as both a passive and active investor, Waller has invested in and launched companies such as Atlantic Venture Partners (predecessor to Draper Fisher Jurvetson Gotham), Banter, Live Planet, One World Distribution, Urchin and VenCatalyst.
About Funk Ventures
Funk Ventures is a multi-faceted private equity firm headquartered in Los Angeles, California. The firmÂs business segments span from venture capital and investment banking to real estate and business services. The firmÂs venture capital arm, which makes value-add investments in promising companies in the technology, interactive gaming and wellness markets, is complemented by an investment banking unit which provides access to outside capital to private and emerging companies. Funk Ventures also develops and invests in real estate and runs a business services unit that provides professional and advisory services to its clientele and portfolio companies. For more information, visit http://www.funkventures.com or call (818) 716-0413. Funk Ventures is a registered trademark of Funk Ventures, Inc.
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