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Mo & I both have double majors with one being finance / econ. Recent competitive financings closed by Gilt Groupe ($35mm in 05/2010), OKL (undisclosed value in 12/2009) and Ideeli ($20mm in 12/2009). Founded in January 2000 in Oakland by Tim Westergren; new CFO, Steve Cakebread was previously CFO of Salesforce.com.
We have seen this first-hand, with some of our best investments being located outside of the hub geographies, e.g., Cornerstone On Demand in Los Angeles. Headquartered in Oakland, CA, Mindblown was founded by Jason Young and Tracy Moore, both African-American Harvard graduates.
Moneyball,” of course, refers of to the 2003 book by Michael Lewis (and the 2011 film starring Brad Pitt) about the Oakland A’s baseball team—and how general manager Billy Beane began using obscure baseball statistics and a new kind of computer-generated analysis to find under-appreciated talent and build a winning team on a shoestring budget.
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