Baseline Ventures
| Company type | Private |
|---|---|
| Industry | Private equity |
| Founded | 2006 |
| Founder | Steve Anderson |
| Headquarters | , |
Area served | Worldwide |
| Products | Venture capital |
| Website | baselinev |
Baseline Ventures is a venture capital investment firm that focuses on seed and growth-stage investments in technology companies.[1] The company was the first seed investor in Instagram,[2][3][4] an early investor of Twitter[5] and has been called "one of Silicon Valley's most successful--and smallest--investment firms" by Forbes.[6] It is headquartered in San Francisco, California.[7]
The company's founder and Managing Partner, Steve Anderson, was recognized on Fortune's 2012 list of "50 Businesspeople of the Year"[8] and included on the Forbes Midas List from 2012–2020.[9][10][11]
History
Anderson founded Baseline in 2006.[8][12] He previously worked for Kleiner Perkins Caufield & Byers, Microsoft, eBay and Starbucks.[12][13] Anderson has a Master of Business Administration from Stanford University and has invested in companies founded by Stanford alumni including Kevin Systrom and Mike Krieger of Instagram; Katrina Lake of Stitch Fix; and Jeff Seibert of Crashlytics.[14][15][16][17]
Acquisitions and investments
Baseline Ventures has invested in software and web companies that include Instagram, Weebly, OMGPop, ExactTarget and Heroku.[18][19] Instagram was acquired by Facebook for $1 billion in 2012.[20] Later that year, Baseline-backed OMGPop was acquired by Zynga for approximately $200 million.[8] Salesforce.com acquired Heroku for $212 million in 2010.[21]
- Instagram (acquired by Facebook)[20]
- Parakey (acquired by Facebook)[22]
- Heroku (acquired by Salesforce.com)[21]
- ExactTarget (acquired by Salesforce.com)[19][23]
- GoInstant (acquired by Salesforce.com)[24]
- CoTweet (acquired by ExactTarget and later Salesforce.com)[25]
- Smyte (acquired by Twitter)[26]
- Crashlytics (acquired by Twitter)[27]
- TellApart (acquired by Twitter)[28]
- GeoAPI (acquired by Twitter)[29][30]
- Pocket (acquired by Mozilla)[31]
- Iron.io (acquired by Xenon Ventures)[32]
- Soma (acquired by Full Circle)[33]
- Trialpay (acquired by Visa)[34]
- Datalot (acquired by Lightyear Capital)[35]
- Appuri (acquired by DocuSign)[36]
- Apiary (acquired by Oracle)[37]
- Bloc (acquired by Thinkful)[38]
- Stackmob (acquired by PayPal)[39]
- Aardvark (acquired by Google)[40]
- LaunchKit (acquired by Google)[41]
- DocVerse (acquired by Google)[42]
- YardBarker (acquired by Fox Sports)[43][44]
- Kanjoya (acquired by Ultimate Software)[45]
- Librato (acquired by SolarWinds)[46]
- Blekko (acquired by IBM)[47]
- Indextank (acquired by LinkedIn)[48]
- Rupture (acquired by Electronic Arts)[49]
- Sendori (acquired by Ask.com)[50]
- Versely (acquired by Cisco)[51]
- OMGPop (acquired by Zynga)[8]
- Xobni (acquired by Yahoo!)[52]
- Careport (acquired by Allscripts)[53]
- Metaresolver (acquired by Millennial Media)[54]
- TaskRabbit (acquired by IKEA)[55]
- Weebly (acquired by Square)[6]
- BookFresh (acquired by Sugar Media)[56][57]
- Cake Financial (acquired by E*Trade)[58][59]
- ScanScout (acquired by Tremor Media)[60]
- StaxNetworks (acquired by CloudBees)[61]
- Hunch (acquired by eBay)[13]
- Instructables (acquired by Autodesk)[62]
- Flowtown (acquired by DemandForce)[63]
- TastemakerX (acquired by Rdio)[64]
- Citrus Lane (acquired by Care.com)[65]
References
- ^ Amir Efrati (July 29, 2013). "Former Google, Twitter Execs Launch 'Homebrew' Venture Firm". Wall Street Journal. Retrieved October 1, 2013.[permanent dead link]
- ^ Matt Rosoff (April 10, 2012). "Instagram's First Investor Explains What He Looks For In Companies". Business Insider. Retrieved October 1, 2013.
- ^ Shayndi Raice; Spencer E. Ante (April 10, 2012). "Facebook to Acquire App Firm Instagram". Wall Street Journal. Retrieved October 1, 2013.
- ^ Steven Bertoni (August 1, 2012). "Instagram's Kevin Systrom: The Stanford Billionaire Machine Strikes Again". Forbes. Retrieved October 1, 2013.
- ^ "Twitter Investor Isn't Sweating Revenue". New York Times. May 15, 2009. Retrieved October 1, 2013.
- ^ a b How Instagram's First Investor Steve Anderson Struck Gold As A One-Man Deal Machine
- ^ Steve Anderson's Baseline Ventures back fundraising after 10 years
- ^ a b c d "2012 Businessperson of the Year". CNN Money. Retrieved October 1, 2013.
- ^ #51 Steve Anderson
- ^ The Top Ten In Venture Capital Today - Midas List
- ^ Steve Anderson Founder of Baseline Ventures
- ^ a b Tanya Prive (October 23, 2012). "Venture Capitalists Every Startup Should Know". Forbes. Retrieved October 1, 2013.
- ^ a b "Steve Anderson Profile". Forbes. Retrieved October 1, 2013.
- ^ Lorraine Sanders (May 14, 2012). "Stitch Fix's Katrina Lake on Fashion-Tech, Top Sites & Apps You Need to Use Now". Digital Style Digest. Retrieved October 1, 2013.
- ^ Colleen Taylor (February 28, 2013). "Stitch Fix Gets $4.75M Series A To Scale Out Its Tech-Enabled Personal Shopping Service". TechCrunch. Retrieved October 1, 2013.
- ^ Sarah Perez (October 13, 2011). "Crashlytics, A Crash-Reporting Solution For Mobile Developers, Raises $1 Million". TechCrunch. Retrieved October 1, 2013.
- ^ Kyle Psaty (March 28, 2013). "Crashlytics takes on Apple, tackles 'big data' problems with rockstar software developers". Boston. Retrieved October 1, 2013.
- ^ "(Founder Stories) Baseline's Steve Anderson: "The Signaling Issue Is Real"". TechCrunch. October 26, 2011. Retrieved October 1, 2013.
- ^ a b Scott Austin (March 3, 2010). "The Daily Start-Up: ExactTarget Is All-A-Twitter". Wall Street Journal. Retrieved October 1, 2013.
- ^ a b Somini Sengupta (April 13, 2012). "Behind Instagram's Success, Networking the Old Way". New York Times. Retrieved October 1, 2013.
- ^ a b Robin Wauters (December 8, 2010). "Salesforce.com Buys Heroku For $212 Million In Cash". TechCrunch. Retrieved October 1, 2013.
- ^ Matt Marshall (July 19, 2007). "Facebook's first acquisition: secretive start-up Parakey". VentureBeat. Retrieved October 1, 2013.
- ^ Alex Williams (July 15, 2013). "Salesforce.com Takes $300M Loan For ExactTarget Acquisition, Cash Resources Getting Tight". TechCrunch. Retrieved October 1, 2013.
- ^ "Salesforce.com to Buy GoInstant". Wall Street Journal. July 9, 2012. Retrieved October 1, 2013.
- ^ Robin Wauters (March 2, 2010). "ExactTarget Buys CoTweet, Sets Up "Social Media Lab" In San Francisco". TechCrunch. Retrieved October 1, 2013.
- ^ "Twitter acquires anti-abuse technology provider Smyte". TechCrunch. Retrieved 2018-12-07.
- ^ Curt Woodward (January 28, 2013). "Twitter Buys Crashlytics, Getting Crash-Report Chops". Xconomy. Retrieved October 1, 2013.
- ^ "Venture-backed US technology start-up accepts $533m Twitter bid". www.fnlondon.com. Retrieved 2018-12-07.
- ^ Yuliya Chernova; Lizette Chapman. "Twitter's Bandwagon Investors: The Others Poised to Profit on IPO Day". Wall Street Journal. Retrieved October 1, 2013.
- ^ Paul McDougall (December 24, 2009). "Twitter Acquires GeoAPI Creator Mixer Labs". InformationWeek Security. Retrieved October 1, 2013.
- ^ Jeffries, Adrianne (2012-07-19). "Pocket, the app formerly known as Read It Later, becomes a destination for 6 million users". The Verge. Retrieved 2018-12-07.
- ^ "Iron.io Raises $8M Series A Round For Its Enterprise Cloud Infrastructure Services". TechCrunch. Retrieved 2018-12-07.
- ^ Dickey, Megan Rose. "Meet The 52 Hottest New Stars In Silicon Valley". Business Insider. Retrieved 2018-12-07.
- ^ www.bizjournals.com https://www.bizjournals.com/sanjose/blog/techflash/2015/08/trialpay-ceo-takes-post-at-andreessen-horowitz.html. Retrieved 2018-12-07.
{{cite web}}: Missing or empty|title=(help) - ^ www.yahoo.com https://www.yahoo.com/?err=404&err_url=https%3a%2f%2ffinance.yahoo.com%2fnews%2fpetsky-prunier-advises-datalot-investment-173000278.html. Retrieved 2018-12-07.
{{cite web}}: Missing or empty|title=(help) - ^ "Top investor Steve Anderson leads $2.25M investment for customer behavior predictor Appuri". GeekWire. 2016-06-28. Retrieved 2018-12-07.
- ^ FinSMEs (2015-08-18). "Apiary Completes $6.8M Series A Funding". FinSMEs. Retrieved 2018-12-07.
- ^ "Bloc Raises $6 Million Series A Round Led by Shasta Ventures". finance.yahoo.com. Retrieved 2018-12-07.
- ^ "Xconomy: StackMob Stacks Up $7.5M". Xconomy. 2011-05-16. Retrieved 2018-12-07.
- ^ Liz Gannes (February 11, 2010). "Google Buys Aardvark for $50M". Gigaom. Retrieved October 1, 2013.
- ^ "LaunchKit team heads to Google and open-sources its tools for helping devs launch their apps". TechCrunch. Retrieved 2018-12-07.
- ^ Liz Gannes (March 5, 2010). "Google Grabs DocVerse, aka Google Docs for Microsoft Office". Gigaom. Retrieved October 1, 2013.
- ^ "Yardbarker raises $6 million". San Francisco Business Times. April 3, 2008. Retrieved October 1, 2013.
- ^ Eric Young (January 18, 2013). "Blogging sites grab lead in sports media game". San Francisco Business Times. Retrieved October 1, 2013.
- ^ "Armen Berjikly- Who You Know or What You Know in Sales?". priceofbusiness.com. Retrieved 2018-12-07.
- ^ www.bizjournals.com https://www.bizjournals.com/sanjose/blog/techflash/2015/01/solarwinds-snaps-up-librato-for-40.html. Retrieved 2018-12-07.
{{cite web}}: Missing or empty|title=(help) - ^ "Steve Anderson's Baseline Ventures to raise Baseline Ventures 1819". PE Hub. 2018-03-14. Retrieved 2018-12-07.
- ^ Jon Xavier (October 14, 2011). "LinkedIn acquires hosted search company IndexTank". Silicon Valley Business Journal. Retrieved October 1, 2013.
- ^ Erick Schonfeld (May 8, 2008). "Shawn Fanning Finally Gets A Real Payday: Electronic Arts Buys Rupture For $30 Million". TechCrunch. Retrieved October 1, 2013.
- ^ Robin Wauters (January 22, 2009). "IAC's Ask.com Acquires Domain Name Monetizer Sendori". TechCrunch. Retrieved October 1, 2013.
- ^ "Social Finance Raises $77 Million to Address Student Loan Crisis". SoFi. 2012-09-11. Retrieved 2018-12-07.
- ^ Kara Swisher (July 3, 2013). "Yahoo Acquires Xobni for Upward of $30 Million". All Things D. Retrieved October 1, 2013.
- ^ "Xconomy: CarePort Health Gets $2.2M to Aid Patients After Hospital Visits". Xconomy. 2015-06-01. Retrieved 2018-12-07.
- ^ John McDermott (February 11, 2013). "Millennial Media In Talks to Acquire Mobile Ad Buying Platform Metaresolver". Ad Age. Retrieved October 1, 2013.
- ^ "TaskRabbit Gets $13M From Founders Fund And Others To "Revolutionize The World's Labor Force"". TechCrunch. Retrieved 2018-12-07.
- ^ Anthony Ha (July 28, 2009). "BookFresh raises $500K more to help you schedule everything online". Venture Beat. Retrieved October 1, 2013.
- ^ Kara Swisher (June 1, 2009). "Sugar Media Say Buh-Bye to NBC Universal–Raises $16 Million From Sequoia Capital, Buys Shopflick and More". All Things D. Retrieved October 1, 2013.
- ^ Rebecca Buckman (August 21, 2007). "Investors to Web Start-Ups: Where's the Advertising?". Wall Street Journal. Retrieved October 1, 2013.
- ^ Luke Stangel (July 22, 2013). "Dropbox acquires loyalty startup Endorse, immediately shuts it down". Silicon Valley Business Journal. Retrieved October 1, 2013.
- ^ Wade Roush (November 8, 2010). "Web Video Ad Startups ScanScout, Tremor Media Join Forces in Challenge to Hulu, YouTube". Xconomy. Retrieved October 1, 2013.
- ^ Robin Wauters (December 14, 2010). "CloudBees Acquires Java Platform-as-a-Service Company Stax Networks". TechCrunch. Retrieved October 1, 2013.
- ^ Wade Roush (August 1, 2011). "Autodesk Buys Instructables; Design Software Giant in Consumer Marketing Push". Xconomy. Retrieved October 1, 2013.
- ^ Alexia Tsotsis (October 13, 2011). "Marketing Startup Flowtown Gets Swooped Up By Demandforce". TechCrunch. Retrieved October 1, 2013.
- ^ "A business model emerges for TastemakerX, the digital game for music snobs". Pando. 2013-03-07. Retrieved 2018-12-07.
- ^ Shontell, Rebecca Borison, Alyson. "The Silicon Valley Investors Who Actually Support Women In Tech — And Those Who Don't". Business Insider. Retrieved 2018-12-07.
{{cite web}}: CS1 maint: multiple names: authors list (link)