Venture Capitalist Becomes Web 2.0 Entrepreneur

Who says that venture capitalists have soured on Web 2.0 companies? Not Nathaniel McNamara, who just left his H.I.G. Ventures to form Yasnap, a company that leverages Facebook Connect to help users create social media applications.

McNamara isn’t talking much about the new venture yet, except to say that it plans to launch in early 2009. Its beta is currently accessible, however, and includes such user-generated apps as: Pass a green beer, kick the can and pass the hot potato.

I’ve got no idea how Yasnap is going to make money, but I can’t imagine an ex-VC launching such a company without one. Plus, I’ve gotten to know McNamara over the years – he was a VCIC competitor who returned to judge the finals – and he seems pretty bright. So we’ll just have to wait for a little while, and find some poor Facebook friend to pester with Poke-like applications.