Today, we’re proud to announce a new seed-stage investment fund called Red Bud Partners, focused on New York and focusing on what we’re calling “networked technology.” (More on that in a minute.)

Red Bud will be co-managed by Dick and me, and while we’ll be considering investments in Cincinnati and elsewhere in the world, our primary focus will be in New York City, where I work, live, and organize in startups 24/7. Though it may change in the future, we’re starting small, making our average investment size $25,000.

We believe there are several reasons why this is the perfect time to start a small fund in New York, and why we bring a unique combination of experience and insight to potential investments. We’ve already made one (unannounced) investment from this fund (and a number of investments from other vehicles) and can’t wait to add more to the portfolio.

More of this announcement can be found on my blog…