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Stanley A. McChrystal

Mucker Capital, falling optimism and Stanley McChrystal among week's L.A. tech highlights

Mucker Capital, falling optimism and Stanley McChrystal among week's L.A. tech highlights

A new $45-million fund will allow Santa Monica venture capital firm Mucker Capital to make bigger investments, but it won’t lead to a significant change in strategy, said managing director Erik Rannala.

The fund, closed early this year and announced last week, is a step up from the $20 million or so that Mucker had to invest during the last two years. Mucker plans to maintain its investment pace, giving a dozen companies a year less than $100,000 each as part of a start-up mentorship program and another eight companies about $500,000 annually as seed funding.

The extra money will go toward slightly bigger seed checks, helping companies weather a slowdown in start-up...

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