Thursday, January 3, 2008

Sevin Rosen Splits, Loses Silicon Valley Team

Dallas, Texas-based venture capital firm Sevin Rosen Funds has reportedly split apart the fund's team, according to VentureWire. Sevin Rosen is now listing the firm's Silicon Valley team as "Partners Emeriti," including Charles Phipps, Steve Domenik, Steve Dow, John Oxaal, and Nick Sturiale. Sevin Rosen has not made an official statement on the split. The deal comes after the firm aborted raising the firm's 10th fund in October of 2006, where Steve Dow told the New York Times that "The traditional venture model seems to us to be broken."