More from the so-called PayPal Mafia.
Several influencial PayPal alumni – including Peter Thiel, Dave McClure and Peter Lonsdale – have come together to fund CapLinked, a social network for venture capitalists and investors.
In typical Mafia fashion, their $525,000 angel round will go to another former PayPal-er, CapLink co-founder and Chief Executive Eric Jackson (pictured).
Jackson’s his site is designed to bring venture and early stage investors together with entrepreneurs to share information and deals. The site bills itself as LinkedIn meets Salesforce.com.
Monday’s round brings the capital the young Los Angeles company has raised to $900,000. CapLinked launched its Web site in October and says it has 3,200 registered users, about 1,000 of whom are investors. Its site says that it lists more than $822 million of potential deal activity.
Jackson told peHub his ex-PayPal investors appear to be interested in the VC social network slant of the company. “I think they are excited about mapping the investor graph,” he says.
CapLinked let entrepreneurs look for money and money to look for entrepreneurs. It expects to introduce social networking pairing features shortly. In the process, people share information, manage deal flow and maintain investor relationships. The company is not a broker, so its role is not deal making.
The angel round was led by Thiel, co-founder of PayPal; McClure, founding partner of 500 Startups; Lonsdale, co-founder of Palantir Technologies; Aman Verjee, chief financial officer of Sonos; and David Anderson, managing partner of 7th Rig. CapLinked raised nearly $400,000 from individuals in mid-2010.
The company expects to introduce a premium service to complement its current free service.