, managing partner of
SoftBank is one of the venture backers in the political blog, along with Greycroft Partners, Oakstone Venture Partners and undisclosed individuals. Hippeau, who joined SoftBank in 2000, is credited with helping Huffington Post secure its initial VC financing in 2006. The website, co-founded by Arianna Huffington, has raised $35 million in funding to date, much of it from SoftBank.
With his move, SoftBank loses one of its six partners and one of its two managing partners. Hippeau will remain a special partner and continue to serve on the boards of three SoftBank portfolio companies. The firm’s third fund, a $232 million fund raised in 2004, is mostly committed, and the firm last year raised $100 million in commitments for a new fund.
“We had commitments to a new fund last year, but our sense was that it was better for us to focus on our 26 current portfolio companies,” says Managing Partner Ron Fisher. “For Eric, this is a terrific opportunity for him to build a very large and successful company, which would benefit all of our investors.” —Dan Primack
Wilska joins BlueRun
Kari-Pekka “KP” Wilska, a telecom executive who spent decades working at Finnish cell phone maker Nokia Corp., has left his job as a venture partner for Austin Ventures to join
BlueRun was launched 11 years ago as Nokia Venture Partners with Nokia as its sole limited partner, but now operates independently. The firm recently raised $240 million for its fourth fund.
NewOak adds vice chairman
Krogstad joins MMV Financial
Green crosses over to Bridgepoint
Stephen Green has joined European private equity firm