Greylock Partners

Last updated
Greylock Partners
Type Private
Industry Venture Capital
Founded1965
Cambridge, Massachusetts
FounderBill Elfers, Dan Gregory
Headquarters Menlo Park, California, U.S. [1]
Total assets $3.5 billion
Number of employees
30+
Website www.greylock.com

Greylock Partners is one of the oldest venture capital firms, founded in 1965, with committed capital of over $3.5 billion under management. [2] The firm focuses on early-stage companies in consumer and enterprise software.

Contents

History

Former corporate logo (used until 2010) Greylock Ventures logo.png
Former corporate logo (used until 2010)

Greylock was founded in 1965 in Cambridge, Massachusetts by Bill Elfers and Dan Gregory, joined shortly thereafter by Charlie Waite. Elfers and Waite had both worked at American Research and Development Corporation. The original capital of $10 million was committed by a group of six families. The company opened a second fund in 1973. [3] The company opened its first office in Silicon Valley in 1999. [2]

Greylock closed its 12th fund in 2005 with $500 million. [3] In 2009, Greylock relocated its headquarters from the original Boston location to Silicon Valley. [4] [5] Also in 2009, Greylock opened its 13th fund with $575 million. [6] In 2011, the 13th fund was increased to $1 billion. [7] The company organized a 14th fund in 2013 with $1 billion. [8] The company organized a 15th fund in 2016 with $1 billion. [9] In 2020, it organized a 16th fund with $1 billion, [10] and in 2021, the company raised an additional $500 million for the 16th fund to be used exclusively on seed deals. [11]

In 2014, Greylock launched Communities, a series of networking events centered on areas like design, big data, infrastructure engineering, user growth, data science, and network security. The communities are composed of product managers, engineers, and technologists from Silicon Valley's largest and fastest growing companies who meet once a quarter. [12] Their branch in Israel formerly known as Greylock IL was rebranded as 83north in January 2015. [13]

Greylock partners include David Sze, [14] Reid Hoffman, [15] and Mustafa Suleyman. [16]

Investments

Greylock Partners focuses on the following areas of investment: [17] [ better source needed ]

Related Research Articles

<span class="mw-page-title-main">Venture capital</span> Form of private-equity financing

Venture capital is a form of private equity financing that is provided by venture capital firms or funds to startups, early-stage, and emerging companies that have been deemed to have high growth potential or which have demonstrated high growth. Venture capital firms or funds invest in these early-stage companies in exchange for equity, or an ownership stake. Venture capitalists take on the risk of financing risky start-ups in the hopes that some of the companies they support will become successful. Because startups face high uncertainty, VC investments have high rates of failure. The start-ups are usually based on an innovative technology or business model and they are usually from high technology industries, such as information technology (IT), clean technology or biotechnology.

Kleiner Perkins, formerly Kleiner Perkins Caufield & Byers (KPCB), is an American venture capital firm which specializes in investing in incubation, early stage and growth companies. Since its founding in 1972, the firm has backed entrepreneurs in over 900 ventures, including America Online, Amazon.com, Tandem Computers, Compaq, Electronic Arts, JD.com, Square, Genentech, Google, Netscape, Sun Microsystems, Nest, Palo Alto Networks, Synack, Snap, AppDynamics, and Twitter. By 2019 it had raised around $9 billion in 19 venture capital funds and four growth funds.

Sequoia Capital is an American venture capital firm headquartered in Menlo Park, California which specializes in seed stage, early stage, and growth stage investments in private companies across technology sectors. As of 2022, the firm had approximately US$85 billion in assets under management.

Benchmark is a venture capital firm founded in 1995 by Bob Kagle, Bruce Dunlevie, Andy Rachleff, Kevin Harvey, and Val Vaden.

<span class="mw-page-title-main">Reid Hoffman</span> American internet entrepreneur and author (born 1967)

Reid Garrett Hoffman is an American internet entrepreneur, venture capitalist, podcaster, and author. Hoffman was the co-founder and executive chairman of LinkedIn, a business-oriented social network used primarily for professional networking. He is currently a partner at the venture capital firm Greylock Partners and a co-founder of Inflection AI.

Founders Fund is a San Francisco based venture capital firm formed in 2005 and has roughly $11 billion in total assets under management as of 2022. Founders Fund was the first institutional investor in Space Exploration Technologies (SpaceX) and Palantir Technologies, and early investor in Facebook. The firm’s partners, including Peter Thiel, Ken Howery and Brian Singerman, have been founders, early employees and investors at companies including PayPal, Google, Palantir Technologies, and SpaceX.

<span class="mw-page-title-main">Index Ventures</span> European worldwide venture capital firm

Index Ventures is a European venture capital firm with dual headquarters in San Francisco and London, investing in technology-enabled companies with a focus on e-commerce, fintech, mobility, gaming, infrastructure/AI, and security. Since its founding in 1996, the firm has invested in a number of companies and raised approximately $5.6 billion. Index Venture partners appear frequently on Forbes’ Midas List of the top tech investors in Europe and Israel.

Lightspeed Venture Partners is an American venture capital firm focusing on multi-stage investments in the enterprise, consumer, and health sectors. Lightspeed invests in seed, early and growth-stage companies.

<span class="mw-page-title-main">Matrix Partners</span> US-based private equity investment firm

Matrix Partners is a US-based private equity investment firm focusing on venture capital investments. The firm invests in seed and early-stage companies in the United States and India, particularly in the software, communications, semiconductors, data storage, Internet or wireless sectors.

James J. Goetz is an American venture capitalist and businessman who is a partner with Sequoia Capital. Goetz is known for his focus on mobile and enterprise startups, including successful investments in AdMob, WhatsApp, Chartboost and GitHub. In 2017, Goetz announced he was stepping back from his leadership role with Sequoia, but continues to invest and represent the firm on company boards.

Andreessen Horowitz is a private American venture capital firm, founded in 2009 by Marc Andreessen and Ben Horowitz. The company is headquartered in Menlo Park, California. As of April 2023, Andreessen Horowitz ranks first on the list of venture capital firms by assets under management.

Actifio was a privately held information technology firm headquartered in Waltham, Massachusetts. The company specialised in copy data virtualization for making information technology infrastructure more efficient by reducing unnecessary duplication of data. On December 3, 2020, Google announced it intended to acquire Actifio for an undisclosed sum. The acquisition closed on Monday Dec 14, 2020.

Silk is a technology company headquartered in Needham, Massachusetts, United States. Silk offers a cloud platform for enterprise customers with mission-critical applications. The company has offices in Boston and Israel.

<span class="mw-page-title-main">Domo, Inc.</span> American computer software company

Domo, Inc. is an American cloud software company based in American Fork, Utah, United States. It specializes in business intelligence tools and data visualization.

<span class="mw-page-title-main">David Sze</span> American businessman

David Sze is an American entrepreneur, investor, and managing partner at the venture capital firm Greylock Partners. Sze was named to Forbes' Midas List in 2013 and 2014.

Apptio is a Bellevue, Washington-based company founded in 2007 that develops technology business management (TBM) software as a service (SaaS) applications. Apptio enterprise apps are designed to assess and communicate the cost of IT services for planning, budgeting and forecasting purposes; Apptio's services offer tools for CIOs to manage technology departments' storage, applications, energy usage, cybersecurity, and reporting obligations; manage the costs of public cloud, migration to public cloud and SaaS portfolios; and adopt and scale Agile across the enterprise.

<span class="mw-page-title-main">Anant Bhardwaj</span>

Anant Bhardwaj is an Indian computer scientist, software engineer, and Internet entrepreneur. He founded Instabase in 2015, and is its CEO.

<span class="mw-page-title-main">Arjun Sethi (entrepreneur)</span> American entrepreneur, investor and executive

Arjun Sethi is an American internet entrepreneur, investor and executive. He is co-founder and partner at venture capital firm Tribe Capital. He previously was partner at Social Capital and served as an executive at Yahoo! where he launched Yahoo! Livetext. Before that, he was co-founder and CEO of MessageMe and he was CEO of Lolapps, the developer behind Ravenwood Fair.

<span class="mw-page-title-main">TCV (investment firm)</span> American investment firm

TCMI, Inc. better known by the name TCV is an American investment firm based in Menlo Park, California. The firm mainly invests in public and private growth-stage companies in the technology industry.

<span class="mw-page-title-main">Northern Light Venture Capital</span> China-based venture capital firm

Northern Light Venture Capital (NLVC) is a Chinese venture capital firm founded in 2005. It focuses on investing in companies in the technology and healthcare sectors.

References

  1. ↑ Boston's Greylock Partners moves HQ to Silicon Valley Archived 2009-05-21 at the Wayback Machine
  2. 1 2 "About Us".
  3. 1 2 Buderi, Robert (July 26, 2010). "Greylock's Henry McCance on Why the Firm Moved Its HQ to Silicon Valley and How Boston Must Find Its Google". Xconomy. Retrieved December 28, 2015.
  4. ↑ McBride, Ruan (May 19, 2009). "A Blow to the Boston VC Scene? Greylock Partners Moving HQ to Silicon Valley". Xconomy. Retrieved December 28, 2015.
  5. ↑ Miller, Claire Cain (May 19, 2009). "Is Boston Still a Venture Capital Hotbed?". The New York Times. Retrieved December 28, 2015.
  6. ↑ Miller, Claire Cain (November 2, 2009). "Despite Slump, Venture Firm Sets Up $575 Million Fund". New York Times. Retrieved December 28, 2015.
  7. ↑ Fowler, Nina (September 11, 2013). "Greylock Partners Raises $1BN Fund With Marketplaces and Enterprise in Mind". Archived from the original on November 25, 2014. Retrieved December 28, 2015.
  8. ↑ Tomio Geron (September 10, 2013). "Facebook, LinkedIn Investor Greylock Partners Raises $1 Billion For 14th Fund". Forbes.
  9. ↑ Roof, Katie (2016-10-11). "Greylock closes $1 billion fund". TechCrunch. Retrieved 2023-01-31.
  10. ↑ "Greylock Partners Raises $1 Billion for Venture Capital Fund". Bloomberg.com. 2020-09-15. Retrieved 2023-01-31.
  11. ↑ "Greylock Raises $500 Million in Battle for Seed Deals". The Information. Retrieved 2023-01-31.
  12. ↑ Rao, Leena (July 1, 2015). "Greylock wants techies to schmooze more in person, not just online". Fortune. Retrieved December 28, 2015.
  13. ↑ Orr Hirschauge (January 6, 2015). "Greylock IL Rebrands as 83North, Announces a $200 Million Fund". Wall Street Journal.
  14. ↑ "David Sze, '88 B.A., M.B.A." Yale University. 2018-07-03. Retrieved 2023-08-22.
  15. ↑ "Greylock Partners recruits LinkedIn's Reid Hoffman, raises $575M fund". VentureBeat. 2009-11-02. Retrieved 2023-08-22.
  16. ↑ Hall, Christine (2022-01-20). "New Greylock venture partner Mustafa Suleyman is looking for AI's next best thing". TechCrunch. Retrieved 2023-08-22.
  17. ↑ "Portfolio". Greylock. Retrieved 2023-04-17.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.