greylock

  • Attn Entrepreneurs: Mark Zuckerberg Isn't the Role Model. Reid Hoffman Is.

    Attn Entrepreneurs: Mark Zuckerberg Isn't the Role Model. Reid Hoffman Is.

    Forty-plus weeks traveling the emerging world has taught me many things. Chief among them is that most entrepreneurs outside Silicon Valley learn the wrong lessons looking in. A lot of that is the fault of publications like TechCrunch: We get excited about new things. If it's exploding like Groupon, all the better. But we even go nuts over things like Foursquare or Quora that have pretty muted… Read More

  • Gigwalk Launches: Wanna Get Paid for Taking Pictures with Your iPhone?

    Gigwalk Launches: Wanna Get Paid for Taking Pictures with Your iPhone?

    In the 1990s, peer-to-peer networks were a revelation. They allowed people to pool together tiny parts of their computers, and those pooled together parts could do far more together than the average computer or connection could do on its own. It enabled everything from swapping pirated music to making cheap transcontinental calls via Skype. But what if you could do the same thing with tiny parts… Read More

  • So Is Web 3.0 Already Here? (TCTV)

    Last week, we invited big-thinkers Reid Hoffman and Tim O'Reilly into the TechCrunch Studios to talk about Hoffman's definition of "Web 3.0"-- a torrent of innovation that's going to be unleashed by all of this personal data being collected about us. In the first segment we talked about the scary implications of this wave of companies, and in the second segment we talked about the… Read More

  • Letting Go: How Sharing Your Data Can Transform Your Life (TCTV)

    It's time for the much-awaited part two of our sit down with Internet big-thinkers Reid Hoffman and Tim O'Reilly. We invited the two in the studio last week to talk about what Hoffman has called "Web 3.0"-- the use of an explosion of data being collected about our real lives online. Last week, we talked about the undeniably scary aspects of Web 3.0-- data and privacy and how we can trust… Read More

  • U.S. Venture Funds Raised $7.7 Billion In First Quarter, Highest Influx In A Decade

    U.S. Venture Funds Raised $7.7 Billion In First Quarter, Highest Influx In A Decade

    U.S. venture capital firms raised more money last quarter than in any period since 2001. The total raised for new funds was $7.7 billion, according to Dow Jones LP Source. The capital going into VC funds was up 97 percent from a year ago, when they raised $3.9 billion. (Venture capital funds benefited from an overall influx of money into U.S. private equity funds overall, which attracted a… Read More

  • Benchmark Capital's Stand: We Will Never Do a Seed or Late Stage Fund

    Benchmark Capital's Stand: We Will Never Do a Seed or Late Stage Fund

    Editor's Note: This is part two in an in-depth series exploring the ramifications of the explosion of late stage capital being raised by the Valley's elite venture firms. For part one, go here. In the mid-2000s when nearly every top venture capital firm was expanding to India and China, Benchmark Capital did not share its peers' worldly ambitions. In fact, while the firm retained its Israel fund… Read More

  • Is Late Stage the New Early? Behind the Staggering Return of the $1B Venture Fund

    Is Late Stage the New Early? Behind the Staggering Return of the $1B Venture Fund

    In Silicon Valley it's not just who you invest in that matters-- it's also when you invest in them. The earlier the investment, the riskier the bet. But the more jawdropping the returns if the company hits it big. It's so lopsided, that typically just 5% of those unsure early bets create some 95% of the entire venture industry's returns. Miss one of them, and it haunts you for years. Snag it, and… Read More

  • Can HighGear Media Turn Lousy Blog Economics into a Huge Exit? (TCTV)

    Can HighGear Media Turn Lousy Blog Economics into a Huge Exit? (TCTV)

    Earlier today, we posted an interview with Matt Heist, CEO of HighGear Media, an auto blog that hit four million uniques last month. That may not sound too jaw-dropping but gearheads are a surprisingly neglected online audience, and HighGear has proven a haven for car enthusiasts and the journalists that love to write for them. Two of the Valley's top venture funds certainly believe HighGear has… Read More

  • Want to Get Paid to Drive and Write about Cars? (Fanboys Need Not Apply)

    Want to Get Paid to Drive and Write about Cars? (Fanboys Need Not Apply)

    A while ago I wrote about how neglected the sports vertical was online, given the largest properties are mostly the same portals or online versions of old media sites that were launched in the late 1990s. It turns out another macho-content vertical is even more neglected-- cars. Quietly, a company called HighGear Media is building a pretty impressive business. It's raised $12 million from top… Read More

  • Greylock Expands Enterprise Team With Former Data Domain CEO Frank Slootman

    Greylock Expands Enterprise Team With Former Data Domain CEO Frank Slootman

    Silicon Valley venture firm Greylock Partners is adding a seasoned executive to its enterprise team today with the addition of Frank Slootman as partner. Slootman was formerly the CEO of Data Domain, which was acquired by EMC in 2009 for $2.4 billion (Greylock was one of the two founding investors of Data Domain). Slootman says he will continue on at EMC as an advisor. At EMC, Slootman served as… Read More