New Easton Capital Fund Structure Fits The Times

Venture capitalists might have a flair for recognizing innovation but they haven’t demonstrated a knack for applying it to themselves. The venture model – many complain – needs repair. Yet, VCs, in trying to raise new funds, only tinker with investment strategies without straying far from the traditional 10-year partnership model upon which the industry is built. Easton Capital Investment Group, however, went farther afield than most in creating the prototype for a new type of fund.

The venture firm secured roughly $20 million for a “special situations” fund of unusual design. The new partnership eschews the...