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Mike Maples, managing partner of the venture capital firm Floodgate, sits for a photo in Menlo Park, California.
Scott Harmon and Mike Maples are synonymous with Austin tech. They co-founded software developer Motive, which went public in 2004, and before that worked together at Tivoli Software, which was bought by IBM in 1996 for almost $750 million.
Maples — who’s since become a prominent Silicon Valley venture capitalist with early investments in Twitter, Cruise
According to a filing with the SEC on Friday, Maples has invested $1 million in a Harmon-led project called Poquito. It’s Maples second investment in the company, as he previously invested $850,000, according to a filing in November.
Harmon didn’t respond to a request for comment, and Maples — co-founder of Floodgate — said that his former co-worker is staying stealthy at the moment, though he did say that Poquito was a code name for Swivel. Harmon’s LinkedIn profile says he’s been
Swivel calls itself a “
WeWork has catapulted to a valuation approaching $20 billion by opening up co-working locations in 23 U.S. cities and 15 other countries. Unlike earlier versions of the shared office, WeWork has focused on creating community-oriented spaces with a start-up feel that offer everything from on-demand workstations to private offices for teams.