Photo thanks to webmoxy
Internet marketing guru Jake Baillie has announced that he will be leaving TrueLocal to start a new internet fund and small business incubator:
I’m both pleased and saddened to announce my departure from TrueLocal to you. Last week the opportunity to do something that I’ve always wanted to do was presented to me Рmanage a small internet fund that incubates and provides funding to seed-stage new media and technology companies.
On January 1, myself and several employees from TrueLocal will be forming STN Labs, which will do exactly that.
As managing director, my role will be to evaluate, fund, and help these small and inventive companies become self-sufficient. We’re starting out with a stable of existing investments which will be announced shortly, and beginning in April, we will evaluate new opportunities. We’re looking to take on several entrepreneurs in residence in the short-term, as well as providing investments to companies in the 50K-500K range.
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