Gigaom founder Om Malik hangs up his keyboard to become True Ventures partner


news_newspaper3_lrgGigaom news site founder Om Malik has given up day-to-day journalism after 20 years to become a partner at True Ventures.

Malik, who was previously a venture partner at the firm, will remain on the Gigaom board and write occasional columns according to a blog post.

He also revealed that Gigaom had raised $8m in new funds from Shea Ventures, True Ventures, Alloy Ventures and Reed Elsevier Ventures.

Early stage investor True Ventures recently launched a $250m-targeting fundraise for its fourth vehicle since it was founded in 2006.

True Ventures IV hopes to outstrip the $205m third fund the firm closed in June 2012 according to a filing with the US Securities and Exchange Commission.

That filing shows True IV is yet to receive any commitments to date.

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