Greylock Partners Explained

Greylock Partners, LLC
Type:Private
Foundation: in Cambridge, Massachusetts, U.S.
Industry:Venture capital
Assets:$3.5 billion
Num Employees:30+

Greylock Partners, LLC is one of the oldest venture capital firms, founded in 1965, with committed capital of over $3.5 billion under management.[1] The firm focuses on early-stage companies in consumer and enterprise software.

History

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.[2] The company opened its first office in Silicon Valley in 1999.[1]

Greylock closed its 12th fund in 2005 with $500 million.[2] In 2009, Greylock relocated its headquarters from the original Boston location to Silicon Valley.[3] [4] Also in 2009, Greylock opened its 13th fund with $575 million.[5] In 2011, the 13th fund was increased to $1 billion.[6] The company organized a 14th fund in 2013 with $1 billion.[7] The company organized a 15th fund in 2016 with $1 billion.[8] In 2020, it organized a 16th fund with $1 billion,[9] and in 2021, the company raised an additional $500 million for the 16th fund to be used exclusively on seed deals.[10]

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.[11] Their branch in Israel formerly known as Greylock IL was rebranded as 83north in January 2015.[12]

Greylock partners include David Sze,[13] Reid Hoffman,[14] and Mustafa Suleyman.[15]

External links

Notes and References

  1. Web site: About Us.
  2. Web site: 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 . dead . https://web.archive.org/web/20160221203735/http://www.xconomy.com/boston/2010/07/26/greylock%E2%80%99s-henry-mccance-on-why-the-firm-moved-its-hq-to-silicon-valley-and-how-boston-must-find-its-google/ . Feb 21, 2016 . Jul 12, 2024 . Xconomy.
  3. Web site: A Blow to the Boston VC Scene? Greylock Partners Moving HQ to Silicon Valley. McBride. Ruan. May 19, 2009. Xconomy. December 28, 2015.
  4. Web site: Is Boston Still a Venture Capital Hotbed?. Miller. Claire Cain. May 19, 2009. The New York Times. December 28, 2015.
  5. Web site: Despite Slump, Venture Firm Sets Up $575 Million Fund. Miller. Claire Cain. November 2, 2009. New York Times. December 28, 2015.
  6. Web site: Greylock Partners Raises $1BN Fund With Marketplaces and Enterprise in Mind. September 11, 2013. Fowler. Nina. December 28, 2015. http://arquivo.pt/wayback/20141125162512/http%3A//venturevillage.eu/greylock%2Dpartners. November 25, 2014. dead.
  7. Web site: Facebook, LinkedIn Investor Greylock Partners Raises $1 Billion For 14th Fund. Tomio Geron . September 10, 2013. Forbes.
  8. Web site: Roof . Katie . 2016-10-11 . Greylock closes $1 billion fund . 2023-01-31 . TechCrunch . en-US.
  9. News: 2020-09-15 . Greylock Partners Raises $1 Billion for Venture Capital Fund . en . Bloomberg.com . 2023-01-31.
  10. Web site: Greylock Raises $500 Million in Battle for Seed Deals . 2023-01-31 . The Information.
  11. Web site: Greylock wants techies to schmooze more in person, not just online. July 1, 2015. Rao. Leena. Fortune. December 28, 2015.
  12. Web site: Greylock IL Rebrands as 83North, Announces a $200 Million Fund. Orr Hirschauge. January 6, 2015. Wall Street Journal.
  13. Web site: 2018-07-03 . David Sze, ’88 B.A., M.B.A. . 2023-08-22 . Yale University . en.
  14. Web site: 2009-11-02 . Greylock Partners recruits LinkedIn’s Reid Hoffman, raises $575M fund . 2023-08-22 . VentureBeat . en-US.
  15. Web site: Hall . Christine . 2022-01-20 . New Greylock venture partner Mustafa Suleyman is looking for AI’s next best thing . 2023-08-22 . TechCrunch . en-US.

This article is licensed under the GNU Free Documentation License. It uses material from the Wikipedia article "Greylock Partners".

Except where otherwise indicated, Everything.Explained.Today is © Copyright 2009-2024, A B Cryer, All Rights Reserved. Cookie policy.