Silicon Valley investor plans to move south.
Erik Rannala is leaving Harrison Metal Capital, the Silicon Valley “micro-VC” shop that has backed such companies as AdMob (acquired by Google), Heroku (acquired by SalesForce.com) and ModCloth. Fortune has learned that he plans to raise a separate fund focused on opportunities in Southern California.
Harrison Metal’s other co-founder, Michael Dearing, is expected to continue running the firm (which most people seem to believe he was already doing). Both Rannala and Dearing are former executives with eBay (EBAY), Rannala ran the premium features business and Dearing was a senior VP and general merchandise manager.
Neither Rannala nor Dearing returned requests for comment. Here is Rannala’s full bio, from the Harrison Metal website:
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