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 <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fwww.elevenvc.com&amp;esheet=51580784&amp;newsitemid=20170627005629&amp;lan=en-US&amp;anchor=Eleven+Ventures&amp;index=1&amp;md5=89339ba64217cbdd9db3dbd80d962654" rel="nofollow" rel="nofollow">Eleven 
 Ventures</a>, a VC firm focused on consumer and enabling technology 
 startups, today announced its launch—establishing a new co-creation 
 model for investment and acceleration of early-stage companies. The firm 
 was founded by serial entrepreneurs, Michael Howse and Greg Ballard, who 
 across their high profile careers have collectively raised $300 million 
 in funding for a range of marquee startups, providing more than $2 
 billion in value. Their expertise, both in fundraising and operations, 
 has culminated in 3 IPOs, including Glu Mobile, 3dfx Interactive and 
 Ancestry.com, as well as 8 exits, including Bigfoot Networks, Xfire and 
 others.
 
 
 Unlike traditional VC firms, micro-funds, or incubators, Eleven 
 Ventures' value-creation model is designed around deep integration with 
 startup founding teams to create businesses and define strategies, as 
 well as leverage a global network of corporate executives and investors 
 to secure partnerships and funding. The firm is targeting startups in 
 high-growth sectors, including VR/AR, estimated to be an $80B market by 
 2025; digital gaming, projected to be a $132B segment by 2020; and 
 eSports, anticipated to be a $2B industry. Eleven Ventures will also 
 make direct capital investments in select portfolio companies from a 
 fund it is currently raising.
 
 
 Eleven Ventures' portfolio includes Lucid Performance, addressing the 
 burgeoning mental fitness market with a startup co-founded by Jason 
 Stirman, an early executive with both Twitter and Medium; Cinova, a 
 platform for streaming high quality, low bit-rate VR video; Nitero, a 
 leading-edge wireless VR technology company, which was recently acquired 
 by AMD; OutPost Games, focused on making games as fun to watch as they 
 are to play; and Nimble Collective, a virtual, collaborative animation 
 platform addressing the $90 billion animation content creation market, 
 among others.
 
 
 "Startups are hungry for operational expertise that goes beyond the 
 traditional capital investment, and Eleven Ventures provides a new, 
 proven model for helping to build dynamic companies in some of today's 
 highest growth segments," said Howse. "We bring our own operating 
 experience to the table with founding teams and contribute to their work 
 as if we were one of them. And we will be. We also invest, but we do so 
 because we're involved, not to become involved," added Ballard.
 
 
 "Eleven Ventures was instrumental at our inception with strategic 
 guidance and resources as well as to help secure significant funding, 
 which culminated in an oversubscribed $6M investment round," stated 
 Wright Bagwell, CEO and co-founder at Outpost Games. "That foundation 
 work paved the way for where we are today -- preparing to disrupt online 
 entertainment with a platform that facilitates games that are as fun to 
 watch as they are to play."
 
 
 About Michael Howse
 
 
 A skilled entrepreneur, CEO and investor, Howse&#39;s career spans more than 
 20 years with expertise in cloud services, consumer technology, 
 interactive entertainment, and mobile applications, where he has helped 
 to build a range of highly profitable companies and global brands.
 
 
 Prior to co-founding Eleven Ventures, Michael served as corporate VP of 
 new ventures at AMD, where he spearheaded new business 
 development and acquisitions. Previously, he was CEO of Bigfoot 
 Networks, and led the company through its acquisition by Qualcomm. 
 Additionally, Howse was integral in mainstreaming the 3D graphics 
 category for consumers, and served as senior VP of marketing and 
 business development at 3dfx, where he conceived and led a strategy that 
 increased revenue from $20 million to over $400 million in three years.
 
 
 Howse is the recipient of an Academy of Interactive Arts &amp; Sciences 
 award for his pioneering work. He is currently an executive committee 
 member of UCLA Ventures, and sits on the board of Lucid Performance and 
 is an investor in Outpost Games and founder/investor in Nimble 
 Collective.
 
 
 About Greg Ballard
 
 
 Throughout a distinguished career, spanning several decades, Ballard has 
 honed his expertise in digital transformation and entertainment, with 
 deep experience in strategic development and leadership. Most recently, 
 he served as senior VP of Social, Mobile and Emerging Platforms at Time 
 Warner, where he led the studio's mobile games business worldwide.
 
 
 Additionally, Ballard served as president and CEO at Glu Mobile, an 
 early pioneer in mobile games, which completed a notable IPO in 2007; 
 CEO at SONICblue, makers of ReplayTV; CEO at <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fmyfamily.com%2F&amp;esheet=51580784&amp;newsitemid=20170627005629&amp;lan=en-US&amp;anchor=MyFamily.com&amp;index=2&amp;md5=385b437ba60ca6ec80fcd4733722f36f" rel="nofollow" rel="nofollow">MyFamily.com</a>, 
 later renamed <a xmlns="http://www.w3.org/1999/xhtml" href="http://cts.businesswire.com/ct/CT?id=smartlink&amp;url=http%3A%2F%2Fancestry.com%2F&amp;esheet=51580784&amp;newsitemid=20170627005629&amp;lan=en-US&amp;anchor=Ancestry.com&amp;index=3&amp;md5=4abb98e59fb2d2a2ffb7e484dce9619f" rel="nofollow" rel="nofollow">Ancestry.com</a>; 
 and CEO at 3dfx where, over three years, he grew the company from $4 
 million to over $400 million. He has also held executive positions with 
 Warner Custom Music, Capcom U.S., known for blockbuster hits such as 
 Street Fighter, as well as Digital Pictures.
 
 
 Ballard is presently on the board of directors of game headset maker 
 Turtle Beach HEAR, and has served on the board of xFire, an 
 online gaming platform and community purchased by Viacom in April 2006, 
 as well as on the public boards of THQ THQI, Pinnacle Systems 
 and IGN. He holds a BA from the University of Redlands and a JD from 
 Harvard Law School.
 
 
 About Eleven Ventures
 
 
 Based in Palo Alto, CA, Eleven Ventures is a VC firm focused on consumer 
 and enabling technology startups, and is pioneering a new co-creation 
 model for investment and acceleration of early-stage companies. The firm 
 was founded by proven serial entrepreneurs, Michael Howse and Greg 
 Ballard, who have collectively raised $300 million in funding and 
 provided $2 billion in value across their high profile careers. The 
 Eleven Ventures portfolio currently includes Lucid Performance, Cinova, 
 Nitero, and others to be announced.
 
 
 
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