Ex-Googler Launching $5 Million VC FundChris Sacca goes from angel investor and Google employee to venture capitalist.

Related Links Google Losing Wireless Guru Chris Sacca Make Sure Your VC Isn't a Jerk Taking VC Money Isn't Always a Horrible Mistake More From Business Insider »

由电磁脉冲loyee Chris Sacca, who has made several angel investments, is closing a venture capital fund, TechCrunch's Michael Arrington reports.

The fund will be around $5 million, making relatively small investments from $50,000 to $150,000 per deal. Some of Sacca's current investments, including Twitter, will be moved to the fund, Arrington says.

Many of Sacca's investments are in the social media/mobile/sharing/self-publishing industries, including Tumblr rival Posterous, URL shortener Bit.ly, email publishing tool FanBridge, and Twitter, so it seems logical that some of his next investments could be in the same areas.

Sacca's last job at Google was "Head of Special Initiatives," where he worked on Google's wireless projects,like "opening" partof the FCC's latest spectrum auction, and its Mountain View wi-fi network. He also "spearheaded many of Google's business development and M&A transactions," according tohis public Google profile.

More recently, he spent a big part of Julybumming around Francewith Lance Armstrong's team during the Tour de France. (We wouldn't be surprised if Armstrong was an investor in Sacca's fund.)

Via