Interlock Capital: Angel Group Blooms into San Diego Venture Capital Firm
Interlock Capital provides an inside scoop on building a VC firm in San Diego
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It was around eleven o’clock on a Friday, when billionaire investor David Friedberg came on stage to address hundreds of San Diego-based entrepreneurs in a fireside chat conversation in a swanky hotel resort in Encinitas.
The invite-only gathering held earlier this year, resembled well-known technology summits similar to those held in San Francisco and Los Angeles markets. Where top deal-makers gather to discuss the biggest opportunities in technology, venture capital among other top-of-mind topics.
The summit was the brainchild of a relatively “new” venture capital firm called Interlock Capital led by managing partners Neal Bloom and Al Bsharah. The goal was to unite ultra-successful entrepreneurs and off-the-radar investors entrenched in the San Diego startup ecosystem in a single conference room.
“The goal of the summit was to bring leaders of the tech community, to convene at the highest quality place and have quality conversations — we achieved that.” said Bloom, sharing his personal goal to have every tech CEO in San Diego as an LP in its fund.
In the final weeks of November, I chatted with Neal and Al for about a 30-minute interview. We discussed a few things — Interlock’s founding story, what outsiders think about San Diego early on, and what to expect from them next year.