
It took Mark Mullen and Jim Andelman years to partner up.
The two had a lot in common, both having separately made many of the same against-the-grain choices—both were solo GPs, based in Los Angeles, and focused on vertical software in the 2000s and early 2010s. From 2012 on, each was the other’s most frequent co-investor, through Mullen’s Double M Capital and Andelman’s Rincon Ventures. To Mullen—who’d spent years in investment banking and working for "father of cable television" Bill Daniels before becoming a VC—Andelman was on "a much higher plane than I was, because of his success and career so far in venture capital in LA." (In the early days of LA’s tech and venture scene, Andelman was a key fixture and had a number of successes, like future Apple acquisition Burstly.)