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August 25, 2009

VC Firm, Shasta Ventures Announces the Appointment of eBay Executive as Resident Entrepreneur

Filed under: Venture Capital News — admin @ 12:54 am

Based in Menlo Park, California, Shasta Ventures is a vc firm that primarily invests in early stage companies. Today Shasta Ventures announced the appointment of Michael Buhr as the vc firm’s new resident entrepreneur. Mr. Buhr is a former executive of both eBay and StumbleUpon. Some of the duties that Mr. Buhr will have at his new job with Shasta Ventures are evaluating prospective investments in both the mobile and discovery industries. At StumbleUpon, Mr. Buhr was the general manager of the company. StumbleUpon is a leading online content destination. Before working for StumbleUpon, Mr. Buhr worked for eBay, where he was the senior director of corporate strategy.

According to the managing director of Shasta Ventures, Robert Conybeer, Mr. Buhr has a keen understanding of evaluating new emerging market opportunities. Furthermore, he has sharp insights into user experience and knows how to transform that experience into a successful business. Mr. Buhr and his skills will be instrumental for the vc firm to continue its investments in the consumer internet industry. Moreover, the people at Shasta Ventures believe that the future growth potential is in the smart phone, social media, and location based capabilities. If one is just to look at the consumer data and the markets, one can see that there is a ferocious appetite for these products and services.

Mr. Buhr’s business experience also goes beyond eBay and StumbleUpon. Mr. Buhr also held some key executive positions for Palm and was also one of the cofounders of Lipstream Networks, which is a VoIP service provider. Mr. Buhr also worked in various software companies, which include Apple, Adobe, and 3DO, where he was in charge of product marketing.

For more information about Shasta Ventures, click here.

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