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Brooklyn Bridge Ventures eyes larger fund

"Having spent more than a decade in the New York investment community, Mr. O’Donnell is the glue that binds people in it."

Brooklyn Bridge Ventures Partner Charlie O’Donnell. (Photo by Flickr user Travis Warren, used under a Creative Commons license)

Charlie O’Donnell, founder of Brooklyn Bridge Ventures, would like to be running a second, larger fund, almost twice the size of his current one, according to the Wall Street Journal.

That would be big news for the Brooklyn tech scene: O’Donnell is one of its biggest boosters.

He tells the Journal he’s discussing the new fund with his current partners.

Mr. O’Donnell said his second fund could increase in size to $15 million or $20 million from the $8.3 million in his current pool. Mr. O’Donnell has started discussing a second fund with his limited partners, he told Venture Capital Dispatch.

A larger fund, he said, would allow Mr. O’Donnell to take more of each deal and avoid the complications of seeking co-investors in a New York landscape that he said has become tougher for very-early-stage companies.

Read the full story on WSJ.com
Companies: Brooklyn Bridge Ventures
Series: Brooklyn
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