TenOneTen Ventures Targets $50M In Second Venture Fund

TenOneTen Ventures, the Los Angeles venture capital firm founded by David Waxman and Gil Elbaz, is aiming to raise $50M in its second venture fund, according to a regulatory filing from the company filed this week. TenOneTen is an investor in such companies as AirMap, Joymode, Conversion Logic, Replicated, Ranker, and many other local Los Angeles area startups. Waxman and Elbaz are both serial entrepreneurs, with Waxman having founded Firefly (acquired by Microsoft), PeoplePC (IPO and later acquired by Earthlink), and also was behind Spot Runner. Elbaz previously founded Applied Semantics(acquired by Google), and Factual.