TROTTORIA

Ex-Google employee Chris Sacca, who has made several angel investments, is closing a venture capital fund, TechCrunch’s Michael Arrington reports. The fund will be around $5 million, making relatively small investments from $50,000 to $150,000 per deal. Some of Sacca’s current investments, including Twitter, will be moved to the fund, Arrington says. Many of Sacca’s investments are in the social media/mobile/sharing/self-publishing industries, including Tumblr rival Posterous, URL shortener Bit.ly, email publishing tool FanBridge, and Twitter, so it seems logical that some of his next investments could be in the same areas.