June 29, 2015
Back in March, we reported on a competition held by the Cambridge, MA-based Formerly Known as Atlas (FKA) Venture – the tech investment arm of Atlas Venture – aimed at at helping the venture firm firm find a new name for itself. Well, this morning, they announced that Zaqary Whitnack from Sacramento, CA is the winner of the competition – winning a $50,000 investment award for the name “Accomplice“.
Whitnack – who is a mobile and tech consultant – receives a $50,ooo investment in Accomplice’s new fund; $25,000 of that going towards actual investment in the fund itself (holding Whitnack as a limited partner) and another $25,000 towards a TUGG nonprofit of choice. According to a statement released by the Accomplice earlier today, Whitnack chose to invest that other $25,000 in Youth CITIES, an organization that helps to expose middle- and high-school students to the foundations and ideals of entrepreneuership.
Atlas Venture split up its healthcare and tech teams into two organizations towards the end of last year, during which its healthcare division kept the Atlas name. The #NameaVC competition was focused on giving its tech investment arm a new identity after the it closed a $200 million fund. Currently, the VC firm has four partners, including Jeff Fagnan, Jon Karlen, Chris Lynch, and Ryan Moore. Accomplice hopes to place a strong emphasis on investment in Boston-area companies, with investments now in the likes of Joist, Startup Institute, and VentureApp.
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