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Ex-Madrona principal David Rosenthal launches new VC firm with former Airbnb exec

, a former principal at Seattle-based Madrona Enterprise Group, has formed a model new startup funding company with ex-Airbnb exec

reported Wednesday that Rosenthal and Newman, who beforehand led Airbnb’s data science group, are heading up a model new company known as Wave Capital that is elevating $35 million for its first fund. Axios well-known that the company will deal with early-stage market startups.

GeekWire spoke with Rosenthal proper now, nonetheless he declined to comment regarding the new company. Rosenthal did affirm that he left Madrona this summer season season and moved once more to San Francisco.

Rosenthal first joined Madrona in 2010 as an affiliate sooner than . He moreover labored at Meritech Capital and StartX whereas in California.

and rejoined Madrona as a principal.

“David was a invaluable asset to Madrona, our portfolio firms and Pacific NW know-how ecosystem,” Tim Porter, managing director at Madrona, talked about in a press launch. “He launched thoughtful opinions, a sharp thoughts, and creative problem-solving to every evaluating investments and dealing with entrepreneurs. We would like he and his partner successfully of their return home to the Bay House and are wanting forward to collaborating eventually.”

Rosenthal, who moreover has experience at UBS and The Wall Street Journal’s enterprise and firm enchancment group, nonetheless hosts , a podcast he created with Ben Gilbert, co-founder of Seattle-based startup studio Pioneer Sq. Labs.

Newman, within the meantime, was Airbnb’s first data scientist and labored on the journey firm for six years sooner than departing in August 2016. He moreover has Seattle roots, incomes his undergraduate diploma from the School of Washington in 2006.

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