Ted Wang, a high-profile Silicon Valley lawyer to some of tech's most prominent companies, is leaving his legal briefs behind and joining seed-stage-focused investment firm Cowboy Ventures.
Wang has spent the last decade at Fenwick & West, where clients included Facebook, Path, Square, StumbleUpon, Twitter, Sonos and Dropbox. He becomes the first general partner at Cowboy, founded by longtime VC Aileen Lee (also known as "she who invented the term 'unicorn'" for hot startups).
With two funds raised, totaling $100 million, it has invested in the early stages of companies such as Dollar Shave Club, Brit + Co, Soma, Product Hunt and Memebox. The small firm has only two other employees — a talent partner and an associate — both of whom happen to be women.
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"So, with Ted, we are excited to bring in some diversity," joked Lee (get it? — as in, bringing in a dude).