Schuler catches growth fund fever

A number of firms trotted out growth funds last year, including Draper Fisher Jurvetson, North Bridge Venture Partners and Sequoia Capital.

DFJ’s growth effort, dubbed Draper Fisher Jurvetson Growth 2005 Fund, is headed up by John Fisher, the “F” in DFJ, former AOL chief Barry Schuler and VC Mark Bailey.

Schuler is well known in Silicon Valley, having been named president of America Online’s Interactive Services Group in 1998, and then CEO and chairman of AOL Time Warner’s America Online division in 2000. Schuler is no stranger to DFJ. The firm backed Medior, an interactive media startup he co-founded and later sold to AOL for an undisclosed amount in 1995.

Bailey’s venture capital experience dates back to 1985, when he joined Kleiner Perkins Caufield & Byers as an associate. He served in that role for four years. He also served as a GP at Venrock Associates. —Alastair Goldfisher