Scott Savitz Launches New Business

Scott Savitz Launches New Business
Scott Savitz

Scott Savitz is starting a new chapter.

The founder of Shoebuy.com, who resigned from the company last June, announced that he is launching a $50 million venture capital fund called Data Point Capital.

Based in Boston, the fund will seek to support companies in categories such as Internet gaming, social networking, mobile payment solutions and e-commerce. 

Investors in Savitz’ new venture include Lars Albright of SessionM; Sparta Group LLC President Desh Deshpande; and Communispace founder Dianne Hessan.