Ben Narasin has got a gig as general partner of VC firm Canvas Venture.
Narasin has an impressive pedigree, including personally investing in, amongst others, Lending Club, Zenefits, Dropcam, Check, Branch Metrics, Kabbage, Realty Mogul and Enigma. From his own pocket, he’s made seed investments in 75 companies which currently have a combined market value of $10bn plus.
The official announcement chirped: “Narasin most recently ran TriplePoint’s seed-stage practice. Previously, he was an entrepreneur for 25 years. As a 12 year-old entrepreneur in Atlanta, he turned a $50 investment in a comic-books resale company into more than $1500 at a single trade show. He founded FashionMall.com, a NYC-based ecommerce startup, in 1993 and took it public on the NASDAQ in 1999.”
General Partner at Canvas Paul Hsiao said: “The battlefield has shifted in early-stage venture: Seed is now the new Series A. The first check is incredibly important. I have known Ben for eight years, and have seen him put the first check into some of today’s most notable startups. He brings that remarkable judgement and network to Canvas. And by the way, the founders he works with love him.”
Narasin explained why he was joining a VC firm: “After working alongside my founders, helping them raise financing, and seeing them ‘graduate’, I wanted to graduate along with them; to continue the journey, serve on their boards, and be there for the long haul. I love what I do, and I want to keep doing it with more rigor and scale.
“I’ve worked with and admired the Canvas partners for years. In addition to Paul Hsiao, I’ve worked with Rebecca Lynn for six years, and seeded three of Rebecca’s portfolio companies: Lending Club, Check, and Eden. I’ve also known Gary Little for eight years. I can’t think of a more collegial, hard-working team of partners to collaborate with to build a next-gen venture firm of the highest tier.”