Greylock Partners

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For other uses, see Greylock.
Greylock Partners
Private
Industry Venture Capital
Founded 1965
Founder Bill Elfers, Dan Gregory
Headquarters Sand Hill Road
Menlo Park, California, U.S.[1]
Total assets $2 billion
Number of employees
30+
Website www.greylock.com

Greylock Partners is one of the oldest venture capital firms, founded in 1965, with committed capital of over $2 billion under management.[2] The firm focuses on early stage companies in the consumer, enterprise software and infrastructure as well as semiconductor sectors. Today, Greylock operates out of offices in the Bay Area and Cambridge (USA). Their branch in Israel formerly known as Greylock IL was rebranded as 83north in January 2015.[3]

History[edit]

The older corporate logo, used from[when?] until 2010.

Greylock was founded in 1965 by Bill Elfers and Dan Gregory, joined shortly thereafter by Charlie Waite. The name Greylock comes from the street where Elfers lived, in Wellesley Hills, Massachusetts.[4] Elfers and Waite had both worked at American Research and Development Corporation—one of the country’s first venture capital firms—while Gregory was an investment manager at John P. Chase. The original capital ($9 million in total) was committed by a group of six families,[citation needed] all of whom are still investors in Greylock.[citation needed] Over the ensuing 43 years, Greylock has raised a series of partnerships, with committed capital in excess of $2 billion as of 2014,[5] and invested in more than 300 growth companies.[citation needed]

Funding[edit]

Greylock's limited partners include the nation’s most prestigious university endowments,[citation needed] major American industrial families,[citation needed] and not for profit foundations.[citation needed] Greylock has had all of its limited partners participate in all partnerships subsequent to their original investment.[citation needed]

Greylock Partners is organized in a series of thirteen (fourteen as of 2013) limited partnerships begun in 1965, 1973, 1979, 1983, 1985, 1987, 1990, 1994, 1997, 2000, 2001, 2005 and 2009. In 2006, Greylock launched Greylock Israel, a separate fund dedicated to Israel; it was rebranded 83north in 2015. On 2 November 2009 Greylock announced a $575 million fund, and hired LinkedIn co-founder Reid Hoffman as a partner. The company organized a fourteenth fund in 2013, with a size of $1 billion.[6]

Investments[edit]

Greylock Partners focuses on the following areas of investment:

  • Consumer and Services: Financial, Healthcare, Internet, Mobile, Retail, Systems Integration.
  • Enterprise Infrastructure: Compute/Data Center, Management, Networking, Security, Storage.
  • Enterprise Software: Applications, Software-as-a-Service (SaaS)
  • Semiconductor': EDA, Networking, Wireless

References[edit]

External links[edit]