Gerstner, who founded hotel-search startup Room 77, tells Skift he will continue his personal angel investment blitz (Room 77, HotelTonight, Nor1, SilverRail Technologies, Space Monkey, Fundly, Farecast and Zillow) when the funding is $100,000 or less, but larger investments into private companies will come out of Altimeter’s new venture capital fund.
“This gives us a lot more dry powder,” Gerstner says.
The fund officially will target travel, Internet, software, and general consumer sectors, but you can expect there to be a heavy dose of travel as Gerstner says “there are a lot of companies at the intersection of internet software and travel.”
Read full story at: http://skift.com/2013/07/30/room-77-founder-starts-75-million-venture-capital-fund-for-travel-and-internet-startups/
