Draper Fisher Jurvetson

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Draper Fisher Jurvetson
Private ownership
IndustryPrivate equity
Founded1985
FounderTimothy C. Draper
John H. N. Fisher
Steve Jurvetson
Headquarters2882 Sand Hill Road
Menlo Park, California, United States
Key people
Heidi Roizen
ProductsVenture capital
Total assets$5 billion
Websitewww.dfj.com
Draper Fisher Jurvetson - Silicon Valley office

Draper Fisher Jurvetson (DFJ) is an American venture capital firm focused on early- and growth-stage investments in enterprise, consumer and disruptive technologies.

History[edit]

DFJ was founded in 1985.[1] The founders are Timothy C. Draper, John H.N. Fisher, and Steve Jurvetson.

In 2013, founding partner Draper announced his departure from the fund along with John Fisher.[2] Draper announced he will continue investing out of his personal fund Draper Associates and assisting his son in running an incubator.

As of October 2015, DFJ is one of the six largest and most active investors in the space sector, which has had over US$10 billion of private capital invested in it since 2005.[3]

In November 2017, Steve Jurveston stepped down from his position at DFJ after allegations of sexual harassment.[4]

It's investments include Avant,[5] Coinbase,[6] LendKey,[7] Meetup,[8] Tesla, Inc.,[9] Sisense,[10] Skype,[11] Twitter,[12] Yammer,[13] and Zoox.[14]

Organization[edit]

The firm is headquartered in Menlo Park, California, and is currently investing DFJ Venture XII, a $350 million fund, which closed in 2016[15][16] and DFJ Growth’s second fund of $470 million,[17] which closed in 2014. DFJ’s core funds have raised more than $5 billion,[18] deployed in more than 300 companies.[19]

Since 2014, Heidi Roizen has been the firm’s operating partner.[20]

Affiliates[edit]

As part of Draper's DFJ funds, the Draper Venture Network was set up in 1990 to franchise the ideals behind the main DFJ fund.[21] Sixteen funds participate in the network including 11 outside of the US, including China, India, and the United Kingdom. In 2013 this network was restructured.[22]

In 2000, DFJ Esprit was set up in London, United Kingdom, as an affiliate fund focusing on early-stage European investment. In 2015, it was rebranded Draper Esprit reflecting the continued affiliation between Tim Draper but no longer DFJ.[23]

References[edit]

  1. ^ "Investors Behind The Next Billion Dollar Startups". Forbes. April 15, 2015.
  2. ^ "Exclusive: Tim Draper is leaving DFJ". Fortune. November 19, 2013. Retrieved March 3, 2017.
  3. ^ Nordrum, Amy (October 9, 2015). "Space Advocate Makes Business Case For Private Company Exploration Of Extraterrestrial Resources". International Business Times. Retrieved October 10, 2015.
  4. ^ "Steve Jurvetson is out at his own venture capital firm after allegations of sexual harassment". Recode. Retrieved 2018-05-15.
  5. ^ Capital, TrueBridge. "The Investors Behind The Next Billion Dollar Startups". Forbes. Retrieved 2019-02-22.
  6. ^ Shin, Laura. "Coinbase Becomes First Crypto Unicorn, Raises $100 Million In Funding Amid ICO Craze". Forbes. Retrieved 2019-02-22.
  7. ^ "Venture Capital News: LendKey Raises $12.5M in Series B". www.vcnewsdaily.com. Retrieved 2019-03-18.
  8. ^ Barkho, Gabriela (2017-11-28). "WeWork To Acquire Meetup". Crunchbase News. Retrieved 2019-03-18.
  9. ^ "Tesla Motors Secures $40 Million Investment Round Led by VantagePoint Venture Partners and Elon Musk". www.businesswire.com. 2006-05-31. Retrieved 2019-03-04.
  10. ^ "DFJ Growth". Crunchbase. Retrieved 2019-03-18.
  11. ^ Vision, Nucleus (2017-12-05). "Meet Tim Draper, one of our earliest investors". Nucleus Vision. Retrieved 2019-02-22.
  12. ^ Cohan, Peter. "How Draper Fisher Jurvetson Helps Startups Like Twitter And Tesla Grow". Forbes. Retrieved 2019-03-04.
  13. ^ team, the Yammer (2012-02-29). "Yammer Raises $85 Million in Financing Round Led by DFJ Growth". Microsoft 365 Blog. Retrieved 2019-03-04.
  14. ^ "Zoox". Crunchbase. Retrieved 2019-03-18.
  15. ^ Alex Konrad (February 9, 2016). "DFJ Investor Josh Stein After Raising $350 Million Fund: The New Money Is Going Away". Forbes. Retrieved March 7, 2017.
  16. ^ "DFJ Raises $350 Million For Its 12th Early-Stage Fund". TechCrunch. February 9, 2016.
  17. ^ "DFJ Growth closes a $470M fund to invest in the next round of billion-dollar companies". VentureBeat.
  18. ^ "Venture capital powerhouse DFJ Raises $350 million, plans to pump portion of funds into Seattle startups". GeekWire.com.
  19. ^ "Draper Fisher Jurveston News". DFJ News.
  20. ^ Bambi Francisco Roizen (February 28, 2014). "Heidi Roizen makes Operating Partner at DFJ". Vator.tv. Retrieved March 7, 2017.
  21. ^ "Welcome to the Draper Venture Network! – Draper Venture Network". Medium. June 23, 2015. Retrieved March 3, 2017.
  22. ^ Rao, Leena (June 29, 2013). "DFJ Restructures Firm Partner Network". TechCrunch. Retrieved March 7, 2017.
  23. ^ Robin Wauters (July 1, 2015). "Goodbye DFJ Esprit, hello Draper Esprit". Tech.eu. Retrieved March 7, 2017.

External links[edit]