Conway shuffles empire to focus on real-time

Matt Bowman · August 18, 2009 · Short URL:

The super angel is forming a new fund focused exclusively on real-time data companies.

The Godfather of Silicon Valley has been touting real-time technology startups for the past several months, and is now reorganizing  his investment empire to stay focused on the trend, according to VentureBeat.

He's peeling off David Lee and Brian Pokorny from his existing fund Baseline Ventures, to form SV Angel LLC (a name reminiscent of his late 90s fund, Angel Investors, LLC). His son Topher Conway and Kevin Carter will continue at Baseline. Between the two funds, Ron expects to invest in 40 to 50 new startups over the next 18 months.

Conway is an investor in Twitter, Facebook (interestingly, he’s not active on either of them), Aardvark, Kyte, CoTweet, TweetDeck, StumbleUpon, Digg, Seesmic, and a slough of Web 2.0 companies that do or could have a strong real-time dimension.

He says the real-time data market could reach a billion dollars in 3 years, and compares its status now to internet search in 1998.

Conway’s portfolio investment approach—pick the next wave, fund as many solid companies as you can, and watch the next Google emerge—has worked well.  That being said, he's stayed out of the greentech boom. Big as that market is, it will have fewer winners relative to market size, given the astronomical capital requirements. For the two-guys-in-garage-style startup Conway seems to like, now’s a good time to be in real-time.

image credit: joi

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Kyte is a white-label, cloud-based publishing platform for live and on-demand video. The Kyte Platform reduces the cost and complexity of delivering social video experiences to websites, mobile and connected devices. Kyte powers online video for top media companies and brands, including ABC, Armani Exchange, Clear Channel, ESPN, Fox News, MTV, Monster Energy and NATO.




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