Greycroft Bolsters Los Angeles Team

In what can only be good news for local startups, venture capital investment firm Greycroft Partners said this morning that it has named Mark Terbeek as a new Partner in its Los Angeles office. Terbeek will help current LA partner Dana Settle in vetting deals for the firm. According to Greycroft, Terbeek will focus on the digital media sector with an emphasis on online video. Terbeek was previously a Partner at venture capital firm MK Capital; he also co-founded Jamcracker and worked at McKinsey & Co. Terbeek's prior investments include Machinima, ZEFR, AwesomenessTV, DramaFever, Bladelogic, Kontiki, and VPNet Technologies. Despite the amount of venture capital investment activity in the Los Angeles area, there has actually been a dearth of locally based venture capitalists able to make investments in companies.