Tuesday, 7 April 2015

Android Co-Founder Andy Rubin Is Now A Partner At Redpoint Ventures, Raises $48M For His Own Hardware Incubator

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Back in October of 2014, Android co-founder Andy Rubin parted ways with Google after nine years with the company.
At the time of his departure, word trickled out that he was building a hardware-focused incubator called Playground — and sure enough, that incubator just disclosed this morning that they’ve raised $48M .
Turns out, that’s not all he’s got on his plate: he’s also now a venture partner at Redpoint Ventures.
Prior to selling Android to Google in 2005, Andy was the co-founder of Danger — a company best known for creating the Sidekick/Hiptop.
Redpoint was founded in 1999, and has over 300 investments in its portfolio — including names like Nextdoor, Path, Sonos, Stripe, Twilio, and even Android-based Android competitor Cyanogen. It’s also an investor in Rubin’s Playground incubator, according to Redpoint’s Jeff Brody.
Rubin confirmed the new role with a tweet this afternoon.
"@rsarver: Couldn't be more excited for @ARubin to join @redpointvc http://t.co/6tpL9pUPVF" ;; I'm psyched too!!!
— Andy Rubin (@Arubin) April 6, 2015

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