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10 - PEOPLE/(T-Z)/Daniel Tessler.md
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@ -6,6 +6,11 @@ tags:
- CIA
- INSLAW
summary: "Daniel Tessler managed a venture capital fund called 53rd Street Ventures, Inc., which was formed around 1976 as an investment company."
relations:
- type: spouse_of
with: "[[Patricia Cloherty]]"
fn: 1
updated: 2026-10-28
---
Daniel Tessler managed a venture capital fund called [[53rd Street Ventures]], Inc., which was formed around 1976 as an investment company. In about 1984, Tessler and his wife, [[Patricia Cloherty]], assumed management of 53rd Street Ventures through their investment management company, [[Tessler & Cloherty]], Inc. At that time, 53rd Street Ventures had a $100,000 investment in [[INSLAW|Inslaw]], representing less than 1% of the fund's total portfolio. This investment was made around 1982 under the supervision of [[Patricof and Company]], the previous managers, with [[Jonathan Ben Cnaan]] arranging the investment. The investment resulted in 53rd Street Ventures owning about 1.2% of [[INSLAW]].