Political fixer Bradley Tusk seeks $70M for Tusk Ventures sophomore fund

Longtime political operative Bradley Tusk got his begins in Silicon Valley in 2011, when a little-known the founding fathers of a transportation startup solicited his help surmounting regulatory hurdles. That benefactor, Travis Kalanick, couldn’t render Tusk’s $ 25,000 cost, so Tusk agreed to acquired half of his fee in equity. As you can imagine, that administers used to work quite well for Tusk, whose shares in Uber are now said to be worth $100 million.

Tusk( illustrated) invest several years admonishing Uber’s stretch approach and, in 2015, decided to turn his efforts into a full-fledged business: persona project money, area political strategy. Today, Tusk and his partner, Jordan Nof, filed paperwork to foster $70 million for the second largest jeopardize fund, Tusk Venture Partners II.

A spokesperson for Tusk Ventures declined to comment.

Bradley Tusk on mobile voting, Uber’s IPO race with Lyft and the Dems taking over the House

The New York-based conglomerate previously brought in $36 million for its entry fund — fund it used to back scooter “unicorn” Bird; medical marijuana transmission fellowship Eaze; the marketplace for household service providers Handy; cryptocurrency exchange Coinbase; and fintech startup Grove.

In addition to deploying capital into startups, Tusk Ventures gives its political knowledge to assist fellowships blighted with regulatory obstructions and communications issues, as well as facilitate better grassroots unionizing, opponent the investigations and partnerships. Bird, of course, is an excellent example of a company that’s struggled with local politics as it has scaled in the different regions of the U.S. and beyond. The scooter-sharing company was banned from San Francisco after exhausting scooters without permissions and has upset local leaders in Santa Monica, Los Angeles and more.

” Our diverse team of regulatory and political experts take on entrenched interests and politicians trying to stifle innovation so our business don’t have to ,” the house writes on the following website.” Our peculiar pose provides startups with access to political, investment and functional expertise that is second to none .”

Prior to transitioning into startup advising and investing, Tusk served as expedition director for Mike Bloomberg, as deputy governor of Illinois and as communications administrator for Senator Chuck Schumer. He likewise confined the book, The Fixer: My Escapades Saving Startups from Death by Politics , secreted last year.

Tusk participated us last week on TechCrunch’s Equity podcast to discuss portable voting, his thoughts on Uber’s upcoming initial public offering and sky-high valuation and Saudi money in VC. Listen to that bout below.

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