Foundation Capital, a Palo Alto-based venture capital firm, has brought on another partner this week.
The Silicon Valley venture shop hired Angus Davis, a former founder who sold one company to Microsoft, who joins the company from his perch in Rhode Island, a small state that you can find on a map here.1
Foundation Capital, founded in 1995 according to Crunchbase, has raised nine main funds including a $350 million Fund IX in September of this year.
The new venture capitalist’s second company, Upserve, wound up entering into a “strategic investment and partnership” with Vista Equity Partners, a big private equity shop famous for buying software companies, cutting costs, boosting revenues, and later exiting.
Upserve is based in Providence, Rhode Island, not far from where Davis lives.
And now, as part of Foundation Capital, Davis will stay in the Ocean State and take part in the firm’s investment cadence from an East Coast base, sitting as he does in between Boston and New York.
To get a handle on what Davis is up to, becoming a somewhat uncommon venture capitalist based in Rhode Island, I got him on the phone last week to dig in.
With an eye on what’s going on around American’s right coast and his firm based on its left, Davis hopes to be “informed” by both the Bay Area’s happening and the East Coast’s perspective, he told Crunchbase News.