Draper Fisher Jurvetson

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Draper Fisher Jurvetson
Private ownership
IndustryPrivate equity
Founded1985
FounderTimothy C. Draper
John H. N. Fisher
Steve Jurvetson
HeadquartersMenlo 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 investments in enterprise, consumer and disruptive technologies. In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures. [1] DFJ Growth continues to be managed by co-founder John Fisher and the existing DFJ Growth partner team. [2]

History[edit]

DFJ was founded in 1985. [3] The founders are Timothy C. Draper, John H.N. Fisher, and Steve Jurvetson.

In 2013, founding partner Draper announced his departure from future DFJ Venture funds, with John Fisher continuing in his role with DFJ Growth.[4] Draper announced he will continue investing out of an early stage venture fund Draper Associates V 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.[5]

In November 2017, Steve Jurveston stepped down from his position at DFJ after allegations of sexual harassment.[6]

DFJ Growth's investments include Anaplan,[7] Coinbase,[8] Cylance,[9] Ring,[10] Sisense,[11] SpaceX,[12] Tesla,[13] Twitter,[14] Unity[15] ,and Yammer.[16]

Organization[edit]

The firm is headquartered in Menlo Park, California, and is currently investing DFJ Growth’s third fund of $535 million, which closed in 2017. [17] DFJ Growth partner Randy Glein has been named to the Forbes Midas List several times, most recently in 2019. [18] He was also named one of the world’s top venture capitalists in 2016 [19],2017 [20], 2018 [21], and 2019 [22], by the New York Times/CB Insights.

Affiliates[edit]

The DFJ Network was renamed the Draper Venture Network in 2015 and is operated by Tim Draper. [23]

References[edit]

  1. ^ "DFJ to become Threshold Ventures". Axios. May 13, 2014.
  2. ^ "DFJ Growth". DFJ Growth. 2019.
  3. ^ "Investors Behind The Next Billion Dollar Startups". Forbes. April 15, 2015.
  4. ^ "Exclusive: Tim Draper is leaving DFJ". Fortune. November 19, 2013. Retrieved March 3, 2017.
  5. ^ Nordrum, Amy (October 9, 2015). "Space Advocate Makes Business Case For Private Company Exploration Of Extraterrestrial Resources". International Business Times. Retrieved October 10, 2015.
  6. ^ "Steve Jurvetson is out at his own venture capital firm after allegations of sexual harassment". Recode. Retrieved 2018-05-15.
  7. ^ "Anaplan Raises $100 Million in Series D Financing Round Led By DFJ Growth". Anaplan. May 13, 2014.
  8. ^ "Coinbase raises $75 million in largest-ever VC round for Bitcoin company". Fortune. January 20, 2015.
  9. ^ "Cylance raises $42 million for AI-based security software". Fortune. July 28, 2015.
  10. ^ "Connected doorbell startup Ring raises $109 million from DFJ, Goldman Sachs, Qualcomm, others". VentureBeat. January 25, 2017.
  11. ^ "SiSense Raises $30M More To Bring Big Data Analytics To Businesspeople". TechCrunch. June 12, 2014.
  12. ^ "Randy Glein of DFJ Growth On Today's Crazy Late-Stage Market". TechCrunch. December 17, 2015.
  13. ^ "Forbes Profile: Randy Glein". Forbes. 2018.
  14. ^ "Forbes Profile: Randy Glein". Forbes. 2018.
  15. ^ "Unity raises $181M monster round at a reported $1.5B valuation". TechCrunch. July 13, 2016.
  16. ^ "Yammer Raises $85 Million in Financing Round Led by DFJ Growth". Microsoft. February 29, 2012.
  17. ^ "DFJ Growth closes its third fund with $535 million". TechCrunch. April 20, 2017.
  18. ^ "Forbes Profile: Randy Glein". Forbes. 2018.
  19. ^ "Top Venture Capital Partners 2016". CB Insights. 2016.
  20. ^ "Top Venture Capital Partners 2017". CB Insights. 2017.
  21. ^ "Top Venture Capital Partners 2018". CB Insights. 2018.
  22. ^ "Top Venture Capital Partners 2019". CB Insights. 2019.
  23. ^ "Under Tim Draper, Draper Network Extends Reach, Eyes New Funding Model". TechCrunch. November 19, 2015.

External links[edit]