Spark Capital to Provide Seed Funding for Digital Media Firms

Authored by Mark Hefflinger on March 25, 2009 - 8:46am.

Boston - Spark Capital announced on Wednesday the launch of Start@Spark, an initiative focused on seed stage investments in the New York and Boston areas.

The firm focuses on businesses in the media, entertainment, and technology sectors. Its new fund will offer seed-stage investments of up to $250,000.

"Yes, we are in a global economic recession and yes the new media markets are being impacted," the announcement said.

"So, this must be a terrible time to fund a start-up company. Correct? Au contraire. This may be the best time in the last 8 years to start a company.

"While capital is scarce, the tectonic plates continue to shift creating major rifts. The walls are coming down and the barriers to entering new markets are falling along-side."

Past Spark Capital investments have included Akamai, thePlatform and Twitter.

http://www.sparkcapital.com/start