Fund of Funds for Entrepreneurs

“Albukerk’s first fund, called Eleven Baskets, closed in 1999 and held stock from 11 companies. One of its holdings is San Francisco-based OpenTable, an Internet-enabled restaurant reservation service that some expect to launch an IPO later this year. The firm’s second fund, raised in 2002, had 26 companies represented in the pool. The fund would qualify as “top quartile” when compared to venture funds of the same vintage, Albukerk says. It had 13 liquidity events, about half of which were positive for the fund, Albukerk says.”

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