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Read more...Greylock Partners is one of the oldest venture capital firms still standing, having been around for nearly fifty years now. But because of some key investments over the past decade, including LinkedIn, Facebook, and Workday, it is still going strong. Perhaps stronger than ever.
The firm just raised a brand new fund, its fourteenth overall, only a couple of years after raising $1 billion dollars for its thirteenth fund back in 2011.
The size of the newest fund was not revealed in the announcement on Tuesday, but various news sources are saying that it has raised another $1 billion. VatorNews has reached out to Greylock to confirm this, and we will update when we get more information.
The firm did reveal what kind of investments it will be making with the money, though, including putting money into marketplaces, cloud servers, mobile and enterprise.
"Moving forward, most notably, we see a transition from a technology-in-your-face phase to one where tech melds into the background and stops becoming work. For consumers, the long-predicted vision of the 'many any’s' - an anywhere, anytime, and anyhow Internet - is finally coming true," Greylock's David Sze and Reid Hoffman wrote.
For that reason, the firm believes that networks, platforms, and marketplaces will be among the spaces that will see the most benefit. And so Greylock reaffirmed its commitment to investing $100 million in marketplaces, which it announced last week.
Greylock will noted that it will also continue to invest in early stage companies, as it did with its last fund, of which 120 of over 140 investments went to seed or Series A rounds.
In the last few years, it was noted, Greylock has been making investments in consumer markets and networks, like Airbnb, Dropbox, Edmodo, and Nextdoor. On the enterprise side, it has been investing in cloud companies, like Cloudera and Okta, and Pure Storage.
Here are some of the investments Greylock made with its last fund. Note that there are a notable number of cloud storage providers on this list.
Other investments have included social gifting app Wrapp; Skyhigh Networks, a cloud visibility and control company; oayment marketing startup Swipely; Apptio, a provider of on-demand TBM solutions; and Marqeta, which the powers the Facebook Card.
"Greylock’s role is to help focus on the long game, build lasting relationships, respect entrepreneurs, and be the most value added partner for our companies" ," said Sze and Hoffman.
"As always, though, the success of Greylock is about the entrepreneurs – not about us. We always look to be surprised and excited by the ideas that entrepreneurs have; they are the creators and drivers."
(Image source: https://greylockvc.com)
Invest Appalachia Fund will invest in affordable housing, clean energy, and community revitalization
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Nextdoor (www.nextdoor.com) is a private social network for the neighborhood. Using Nextdoor’s free online platform, neighbors create private neighborhood websites where members can ask questions, get to know one another and exchange local advice and recommendations. Nextdoor is specifically designed to provide a trusted environment for neighbor-to-neighbor communication. Hundreds of neighborhoods are already using Nextdoor to build happier, safer places to call home.
Based in San Francisco, California, Nextdoor was founded in 2010 by Internet veterans who have spent their careers creating thriving online communities.
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Greylock partners with entrepreneurs to help them build market-leading businesses. Over the past 45 years the firm has worked with hundreds of companies, 150 of which have gone on to IPOs and 100 of which have gone on to profitable M&A events. Such companies include Ascend Communications, CheckFree, CipherTrust, Constant Contact, Continental Cable, Decru, Data Domain, DoubleClick, Farecast, Internet Security Systems, Ikanos, Legato, Media Metrix, Millennium Pharmaceuticals, Openwave, Open Market, OutlookSoft, Polyserve, Red Hat, RightNow Technologies, Success Factors, Sun Edison, Tellabs, Trilogy and Wily Technology. Current Greylock portfolio companies include Cloudera, Data Robotics, Facebook, Imperva, LinkedIn, Palo Alto Networks, Pandora, Picarro, Redfin, Workday and ZipCar. For more information about Greylock Partners, visit our Web site (www.greylock.com) or blog (www.greylockvc.com) or follow us on Facebook (http://www.facebook.com/greylock) or Twitter (@GreylockVC).
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