don't know many angel investors interested in food start-ups, the margins are poor. What struck me was the small amounts the entrepreneurs were asking. They'd be shooting themselves in the foot if the entrepreneur accepted these greedy terms, because without sufficient incentive for the entrepreneur, all that hard work without a substantial piece of the upside would eventually cause the entrepreneur's spouse to convince them to drop the whole thing. Am I the last person to watch ABC's Shark Tank ? Thankfully I have better things to do on a Friday

The fund--started by Brian Garrett and Rick Smith --has been focused on digital media investments, and so far has made investments in six companies. The fund is just celebrated its first year in business, so we thought we'd catch up with Brian to hear more about what the firm is investing in, the challenges of raising a venture fund in this market, plus his view on the Los Angeles venture market. Let's Let's start with Los Angeles-based Crosscut Ventures (www.crosscutventures.com) is one of the newest venture capital funds in the area, and has quietly been working on funding local companies over the last year.

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