Charles River Ventures, and an early stage VC firm, has launched a program called Quickstart to rapidly invest small amounts of money in a variety of startups. The investment size will be around $250,000, which is definitely taking a step into the space where Angels typically make investments. Read more about their “friend convertible seed” rounds here.

They said that most Internet entrepreneurs can design prototypes and launch their ideas on a quarter million dollars. Under the program, if the start-up does well and needs more money to expand, Charles River will have the right to invest during the first round of institutional funding, called a “Series A.”

Evan Bartlett :: Nov.02.2006
VC