Norwest Venture Partners alumni Amit Garg and Sanjay Rao have formed a venture firm called Tau Ventures, Garg having also spent time at Samsung Next.

Amit Garg (pictured) and Sanjay Rao have launched a venture capital firm having met while working for Norwest Venture Partners (NVP), the VC firm funded by financial services firm Wells Fargo.

Tau Ventures – the name was drawn from a Greek letter equal to 2 times pi and considered a better representation of a circle – invests between $250,000 and $750,000 per deal, in US and Canada-based startups that are nine to 18 months away from product-market fit.

Garg said…

James Mawson

James Mawson is founder and chief executive of Global Venturing.