greylock

  • Greylock Deepens Enterprise Experience, Adds Former BladeLogic CEO And BMC President As Venture Partner

    Greylock Deepens Enterprise Experience, Adds Former BladeLogic CEO And BMC President As Venture Partner

    Greylock Partners has been long focused on two distinct areas when it comes to venture investments—consumer and enterprise. The last consumer partner hire the firm made was former CEO of Mozilla, John Lilly. And today, the firm is deepening its experience in its enterprise practice with the addition of Dev Ittycheria as Venture Partner in Greylock’s Silicon Valley office. At… Read More

  • Game Closure Quietly Raises Seed Round From SV Angel, Yuri Milner, Greylock, And More

    Game Closure Quietly Raises Seed Round From SV Angel, Yuri Milner, Greylock, And More

    We first covered Game Closure this spring when it opened its private beta to the world to test out its new cross-platform HTML5 game engine and SDK. The startup has since gone on to work with multiple private and public partners to bring cross-platform, multiplayer HTML5 games to the App Store, Android Marketplace, Facebook, and beyond. According to Game Closure Co-founder and CEO Michael… Read More

  • SupersonicAds Raises $4.3 Million From Greylock For Social In-Game Advertising

    SupersonicAds Raises $4.3 Million From Greylock For Social In-Game Advertising

    SupersonicAds, a startup founded by former executives of social video site Metacafe in 2010, has landed $4.2 million in financing in its first institutional funding round, which was led by Greylock Israel. The company has raised over $6 million in total funding to date. SupersonicAds will use the fresh cash to expand the international presence of its monetization solution for social games… Read More

  • Lytro Launches to Transform Photography with $50M in Venture Funds (TCTV)

    Lytro Launches to Transform Photography with $50M in Venture Funds (TCTV)

    Love photos but utterly bored by wave after wave of iPhone photo sharing apps? Lytro is the company for you. This is also the company for anyone who thinks Silicon Valley has fallen into a rut of innovation-less posing. And it’s the company for anyone who complains that the Valley is more about media and marketing than brass-knuckles, hardcore technology. This is the company that… Read More

  • Former Googlers Raise $13 Million From Bain And Greylock For Personalized Ad Solution

    TellApart, a startup that enables eCommerce companies to use customer data to offer more personalized display advertising to both their loyal and potential customers alike, today announced that it has closed a $13 million series B round of funding. The round was led by Bain Capital Ventures, with contributions from Greylock and others. Read More

  • Note to Self: If the Halls Clear at Conferences, IPOs Are Near

    In Silicon Valley the terms of venture capital deals, the prices of valuations and the real stories of ousters are routinely dished, whether they always show up in the press or not. Sure it’s all off the record or on background or whispered at a coffee shop, but people who live here love what they do and when companies and valuations grow this quickly, it’s hard to keep the… Read More

  • Airbnb Has Arrived: Raising Mega-Round at a $1 Billion+ Valuation

    Airbnb Has Arrived: Raising Mega-Round at a $1 Billion+ Valuation

    According to several sources Airbnb is in the process of closing a whopper of a funding round: $100 million or more at a $1 billion-plus valuation. The round is being lead by Andreessen Horowitz, and includes participation from DST, say our sources. That’s a big increase from the company’s last funding round of $7.2 million, which included Sequoia Capital, Greylock, SV Angel… Read More

  • 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… Read More

  • 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… 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… 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… Read More

  • 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… 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… 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… Read More

  • 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… Read More

  • 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… Read More

  • 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… Read More

  • Why We Invested In Groupon: The Power of Data

    Editor’s note: The following is a guest post by Greylock Partners VCs Reid Hoffman and James Slavet. Reid Hoffman is Co-Founder and Chairman at LinkedIn and a partner at Greylock. His complete profile can be found at www.linkedin.com/in/reidhoffman. James Slavet is a partner at Greylock. His complete profile can be found at www.linkedin.com/in/jamesslavet. Read More

  • The Pandora-Elevation Deal that Never Closed and a Mid-2011 IPO?

    The Pandora-Elevation Deal that Never Closed and a Mid-2011 IPO?

    Back in August we reported that Elevation Partners had signed a letter of intent to buy secondary shares in Pandora, the long-suffering, now-hot online radio station. I wondered what ever happened to that deal, so I started digging. As it turned out, shares were sold but Elevation didn’t get them. Here’s what we’ve been able to piece together, from several sources on… Read More

  • Will the Real "eBay of Social" Please Stand Up? (TCTV)

    In the venture business being ahead of your time can be almost as bad as being late to a market. But the other great thing about the venture business is there are exceptions to every rule. Craig Donato is hoping that Oodle is the exception to that one. He’s spent more than ten years building a social classified company, powering the marketplaces for Oodle.com, MySpace and Facebook… Read More