We are thrilled to announce today that Comcast Interactive Capital has combined with the Peacock Equity Fund, which is formerly the venture capital affiliate of NBCUniversal and General Electric, into a newly combined fund called Comcast Ventures.
I am proud and thrilled to serve as Comcast Ventures' Managing Director and Head of Funds. It's a particularly exciting time to be in venture capital as advances in software development, social networking and mobile devices fuel rapid innovation.
Comcast Ventures will invest in early-to-late stage businesses that represent the next generation of entertainment, communications and digital technology. Our primary goal will be to generate superior financial returns through the success of our portfolio companies by leveraging the experience, expertise and assets of the Comcast family of businesses.
For each investment, Comcast Ventures brings to the table the talents of our team of investment professionals together with a broad set of industry experience. We will leverage our network of connections and company assets to support our portfolio companies. In short, we want to partner with the best entrepreneurs is our industry and believe we are the best partners for them. Together, we look forward to changing the world.
On a personal note, I'm excited to be moving with my family to San Francisco. It's a beautiful city where entrepreneurism is alive and well. I'm also looking forward to working with our experienced teams in New York, Philadelphia and London.
To learn more about Comcast Ventures, please visit www.ComcastVentures.com.