One of the best VCs in New York tech is starting his own fund right at the heart of Brooklyn. Charlie O’Donnell, former founder and CEO of Path 101, is raising $7 to $10 million for his new firm Brooklyn Bridge Ventures, which they’ll use to help get early and seed stage tech companies get off the ground. O’Donnell says that his fund will have a Brooklyn focus, though he’s also open to investing in startups from other places.
Considering that O’Donnell was previously an Entrepreneur-in-Residence of Union Square Ventures and was also a principal at First Round Capital (which he left to start his own fund), we’re pretty sure that this new fund is in good hands. He was also the founder of nextNY and an original board member of the New York Tech Meetup. For the moment, he’ll be tackling all the fund’s deals himself and will invest in a modest one or two every month, though he might take on someone junior in a future date. He’ll also be announcing Brooklyn Bridge Ventures’ first investment sometime in February.
“Charlie is pure Brooklyn hustle. It’s fantastic to see him focusing on the growing Brooklyn tech community. Startups are sprouting up in Greenpoint, Bushwick, Williamsburg, Fort Greene, Dumbo, Downtown Brooklyn, and Red Hook and probably in other neighborhoods too. Nobody is better suited to catalyze the Brooklyn tech community and seed it with startup capital than Charlie O’Donnell,” says Fred Wilson.