No wonder SteveJ is off playing junior rocketeer:
Draper Fisher Jurvetson has raised $434.5 million toward its $600 million target for its ninth fund, according to a regulatory filing.The fundraising has been remarkably fast, the firm formed Draper Fisher Jurvetson Fund IX in January and has already filled more than 70% of its target. It suggests investors have great confidence in the firm’s ability to find great early stage investments.
The firm must have great confidence in itself as well. Its $600 million target is 50% larger than its current fund and the largest since its $640 million seventh fund, raised in 2000.
[via PE Hub]
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