SoftTech VC’s, Jeff Clavier has edged his way from a true Silicon Valley outsider (born and raised in France) to the ultimate insider. Since moving to the valley a decade ago, Clavier has launched three funds and invested in more than 100 companies, the likes of which include Mint, FitBit, and Fab.
Not bad for a guy who claims to have jumped “into venture by accident.”
Having just raised $55 million for his third fund, which will invest on average “$400,000″ per startup, Clavier sat down with Founder Stories host, Chris Dixon to discuss how he built his business.
Clavier tells Dixon by 2004 it had become financially feasible to back “customer internet companies.” He says what used to cost $5-million had been reduced to half-a-million. So, “for three-and-a-half-years I sort of built my dealflow, and sort of my footprint in Silicon Valley by doing angel investments.”
While not a major player at the time, he notes, “I was still a VC and I could help entrepreneurs with the financing and figure out how to structure an investment, how to look at term sheets, how to pitch and so on and so forth, and so slowly but surely I sort of built that initial presence in the valley.”
Having helped guide the growth of scores companies and learning just as many lessons along the way, Clavier tells Dixon “you can’t have any pride as an investor because you need to be able to help in anything you can.” He concludes, “you are not running the company, you are just supporting it, the point of view is you don’t give orders.”
Episode II of this interview is coming up. Past Founder Stories episodes featuring leaders of ZocDoc, TripAdvisor, Charity: Water, Turntable.fm, Bump and many other startups are here.
Chris Dixon currently works as the CEO and Co-founder of Hunch. He is also a contributing writer for TechCrunch. He previously was the CEO and Co-founder of SiteAdvisor, which was acquired by McAfee. Chris is a personal investor in early-stage technology companies, including Skype, TrialPay, DocVerse, Invite Media, Gerson Lehrman Group, ScanScout, OMGPOP, BillShrink, Oddcast, Panjiva, Knewton, and a handful of other startups that are still in stealth mode. In addition to his personal investments, Chris is also a...
Based in Palo Alto, California, Jean-Francois “Jeff” Clavier is the Founder and Managing Partner of SoftTech VC, one of the most active seed stage investors in Web 2.0 startups. Since 2004, Jeff has invested 110+ consumer internet startups in areas like social media, monetization, search, gaming or B2B/B2C web services. These investments are typically located in Silicon Valley, New-York and Boulder. With over 20 years of operational, entrepreneurial and venture capital experience, Jeff is able to add relevant perspective...
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