Apple Analyst Gene Munster Leaving Piper To Launch Mpls / NYC VC Fund

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screen-shot-2016-12-09-at-11-16-57-amBy Mikey Campbell, appleinsider

“Munster, known for an unwaveringly bullish take on Apple, will start Loup Ventures with Doug Clinton and Andrew Murphy, reports Benzinga. Clinton is currently part of Munster’s research team at Piper Jaffray, while Murphy served at the investment firm for nearly five years before leaving in 2012.

In a statement provided to Bloomberg, Munster said he will depart Piper Jaffray at the end of December ahead of Loup Ventures’ launch in January.  “It’s a research driven early stage VC based in Minneapolis and New York,” Munster said. “The focus is virtual reality, augmented reality, artificial intelligence and robotics.”

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Comments

  • http://tech.mn Jeff Pesek

    Is there an actual fund and if so, how much?

    • http://twitter.com/casey__allen Casey Allen

      They have a stated target of $20m.

      Must have hit a first close since they’ve made their first investments into the seed round of Neurable.com.

      • http://tech.mn Jeff Pesek

        yes and i heard that piper put in 2-3m as a lead

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