Canvas Venture Fund Steals Away VC From NEA

Menlo Park-based early stage venture capial investor Canvas Venture Fund has stolen away a venture capitalist from New Enterprise Associates, saying today that it has named Paul Hsiao as a General Partner and Founding Managing Member. Canvas Venture Fund--which close its first fund at $175M in August of last year--said Hsiao spent the last ten years at NEA, investing in such companies as Houzz, Gaikai, Boingo, Elance-oDesk, SayMedia, and 42Floors.