Doug Renert told me yesterday that his firm Tandem, which backs early-stage mobile startups, is about to expand in a big way. The first step is bringing in more people, starting with two new partners that Tandem is announcing today ? Rohit Bhagat, formerly chairman of Asia Pacific for investment firm BlackRock, and John Ellis, co-founder and executive vice president of product and technology at ad tech company Turn. Tandem is currently investing in three startups a quarter, but Renert said he's hoping to do much more. At the same time, he doesn't want to change the firm's hands-on approach. He describes it as an accelerator with "muscle capital." Like other startup incubators, it mentors batches of startups and offers them office space. However, it makes a bigger investment than most ? $200,000 to start, and follow-on investments if the company is successful.Source: http://feedproxy.google.com/~r/Techcrunch/~3/tWovdxB8e60/
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