Lightspeed Venture Partners

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Lightspeed Venture Partners
Founded 2000
Founder Chris Schaepe, Barry Eggers, Ravi Mhatre, and Peter Nieh
Headquarters Sand Hill Road
Menlo Park, California, United States
Key people
Andrew Moley, Arif Janmohamed, Barry Eggers, Bejul Somaia, Bipul Sinha, Chris Schaepe, David Dubick, David Gussarsky, Jeremy Liew, John Vrionis, Justin Caldbeck, Peter Nieh, Ravi Mhatre, Yoni Cheifetz
Total assets Over $3 billion
Website www.lsvp.com

Lightspeed Venture Partners is a venture capital firm focusing on early and expansion stage investments in the consumer, enterprise technology and cleantech markets.[1]

Lightspeed Venture Partners has backed more than 200 companies, including Brocade (BRCD),[2] DoubleClick (acquired by Google after going public), Nicira (acquired by VMware),[3] Playdom (acquired, DIS),[4] Pliant Technology (acquired, SanDisk),[5] XtremeIO (acquired, EMC),[6] Blue Nile (NILE),[7] Fusion-io (FIO),[7] Phone.com (OPWV),[8] Informatica (INFA), and Solazyme (SZYM).[9] The fund has 24 early stage enterprise investments that have gone public, the most of any fund in the world.

Lightspeed Venture Partners invests in the U.S. and internationally, with investment professionals and advisors in Silicon Valley, India, Israel, and China with Lightspeed China Partners. The team is currently investing out of Lightspeed X, a $1 billion fund.[10]

History[edit]

The firm was founded in October 2000 by Chris Schaepe, Barry Eggers, Ravi Mhatre, and Peter Nieh. All four were formerly a part of the investment firm Weiss, Peck & Greer and left to start Lightspeed following the sale of the investment management business to Robeco.

In 2014, Lightspeed closed Lightspeed X, a $1 billion fund focused on the Enterprise, Consumer and Cleantech markets. Today the firm has over $3 billion in committed capital.[11]

In March, 2016 Lightspeed raised two new funds totaling in $1.2 billion.[12]

Significant investments[edit]

  • Nicira acquired by VMware for $1.26B
  • Fusion-io (NYSE: FIO)
  • Linkamedia acquired by SK Hynix
  • XtremeIO acquired by EMC
  • Pliant Technology acquired by SanDisk
  • Riverbed (NASDAQ: RVBD)
  • Playdom acquired by Disney
  • Kosmix acquired by Walmart
  • Flixster acquired by Warner Brothers
  • Serious Business acquired by Zynga
  • TutorVista acquired by Pearson
  • Ciena (NASDAQ: CIEN)
  • Informatica (NASDAQ: INFA)
  • DoubleClick acquired by Google post IPO
  • eHealth (NASDAQ: EHTH)
  • BlueNile (NASDAQ: NILE)
  • Beme ($2.6M, July 28, 2015)
  • Brocade (NASDAQ: BRCD)
  • Virsa acquired by SAP
  • Avamar acquired by EMC
  • TimesTen acquired by Oracle
  • Telogy acquired by Texas Instruments
  • Kiva Software acquired by Netscape
  • Growth Networks acquired by Cisco
  • Waveset acquired by Sun Microsystems
  • Terayon (NASDAQ: TERN)
  • LiveProfile acquired by BlackBerry
  • Snapchat ($485K in March 2012)
  • Whisper ($3M in April 2013)
  • Ripple Labs
  • Takipi (code de-bugging solution) ($15M in April 2016)[13]
  • Percolate ($40M in May 2015)[14]

Summer Fellowship Program[edit]

Every year, Lightspeed offers summer fellowships to support entrepreneurship and innovation among highly motivated engineering and computer science students. Weekly speakers and angel investors are brought in to share their insights and offer further advice about the start-up experience. 2015 will be the program’s 9th year running. Notable participants of Lightspeed's Fellowship program include Ben Silberman, Founder and CEO of Pinterest and Bobby Murphy, Founder and CTO of Snapchat.[15]

References[edit]

External links[edit]