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F r o m W i k i p e d i a , t h e f r e e e n c y c l o p e d i a
Shasta Ventures is an early-stage venture capital investment firm located in Silicon Valley that invests in enterprise and technology consumer startups.[1] Sand Hill Road in Menlo Park .[2]
Shasta's second fund of US$250 million included Nest Labs , which almost all by itself repaid the entire fund when it was sold to Google for $3.2 billion.[3] [4] [5]
Investment philosophy [ edit ]
Shasta was originally focused on companies in the consumer technology space, with then managing director Tod Francis calling Mint.com a "classic Shasta" investment in September 2011.[4]
In September 2013, Rob Coneybeer of Shasta, the new managing director, said that he was betting big on hardware startups, citing Moore's Law -style continued performance improvements making opportunities for new hardware possible.[6]
Companies [ edit ]
Mint.com [ edit ]
Shasta Ventures was an early investor in Mint.com , an online personal finance management service that was bought in September 2009 by financial software company Intuit for US$170 million in cash.[7] Alexia Tsotsis for TechCrunch [4]
Nest Labs [ edit ]
Shasta Ventures and Kleiner Perkins Caufield & Byers were the only investors in the Series A round for Nest Labs (the home automation company) in September 2010. When Google later bought Nest Labs for US$3.2 billion in January 2014, Shasta had a net gain of about $200 million, enough to pay out "almost all" of the $250 million Shasta II fund.[3] [8] [9] [10]
Other investments [ edit ]
Shasta has invested in a number of other companies[11] Anaplan , Brandcast ,[12] [citation needed Leanplum, Nextdoor ,[13] Lithium Technologies ,[14] Logoworks ,[citation needed Zuora ,[15] Tally Technologies ,[16] [17] [18] Spiceworks ,[19] Stealth Security , and VoloMetrix .[citation needed
Controversy [ edit ]
In August 2019 partner Doug Pepper left the firm, potentially triggering a "key-man " event[20]
References [ edit ]
^ "About Us" . Shasta Ventures. Retrieved January 15, 2014 .
^ "Contact Us" . Shasta Ventures. Retrieved January 22, 2014 .
^ a b Constine, Josh (January 13, 2014). "Who Gets Rich From Google Buying Nest? Kleiner Returns 20X On $20M, Shasta Nets ~$200M" . TechCrunch . Retrieved January 22, 2014 .
^ a b c Tsotsis, Alexia (September 21, 2011). "Shasta Ventures Closes New $265 Million III Fund" . TechCrunch . Retrieved January 22, 2014 .
^ Rusli, Evelyn. "Shasta Ventures Sticks to Basics With New $300 Million Fund" . Wall Street Journal
^ Lawler, Ryan (September 9, 2013). "Shasta Ventures' Rob Coneybeer On Why He's Betting Big On Hardware Startups" . TechCrunch . Retrieved January 22, 2014 .
^ Sanati, Cyrus (September 14, 2009). "Intuit to Buy Personal Finance Site Mint.com" . New York Times (DealBook blog). Retrieved January 22, 2014 .
^ Oreskovic, Alexei; Gupta, Poornima (January 14, 2014). "Kleiner Perkins, Shasta Ventures make about 20x their money on Nest Labs – Reuters" . PEHub . Retrieved January 22, 2014 .
^ "For Nest Investor Shasta Ventures, Persistence Pays" . StrictlyVC . January 13, 2014. Retrieved January 22, 2014 .
^ "Nest (company profile)" . Shasta Ventures. Retrieved January 22, 2014 .
^ "Companies" . Shasta Ventures. Retrieved October 4, 2016 .
^ Brandcast. "TPG Growth / Affinity Group, Marc Benioff, and Shasta Ventures Invest in Brandcast" . www.prnewswire.com (Press release). Retrieved 2019-03-13 .
^ Gannes, Liz (October 26, 2011). "Nextdoor Launches Private Social Networks for Neighborhoods" . AllThingsD . Retrieved January 22, 2014 .
^ Lawler, Ryan (January 5, 2012). "Lithium Technologies raises $53.4 million from NEA & SAP Ventures" . GigaOm . Retrieved January 22, 2014 .
^ Taulli, Tom (September 19, 2013). "Zuora: Ushering In The Subscription Economy" . Forbes . Retrieved January 22, 2014 .
^ Kolodny, Lora (19 May 2016). "Tally raises $15 million for app to make credit cards less expensive, easier to manage" . TechCrunch . Retrieved 2016-06-01 .
^ Lieber, Ron (2016-05-19). "A Service to Pay Off High-Interest Credit Cards, but a Bad Time to Start" . The New York Times . ISSN 0362-4331 . Retrieved 2016-06-01 .
^ "San Francisco-based credit card management app Tally raises $15 million - Silicon Valley Business Journal" . Silicon Valley Business Journal . Retrieved 2016-06-01 .
^ "Shasta Ventures pools a $200M fund, invests with Google Ventures..." Reuters . 2011-07-15. Retrieved 2019-03-13 .
^ Axios. "Top partner unexpectedly departs VC firm Shasta Ventures" . Business Insider . Retrieved 2019-08-09 .
External links [ edit ]
R e t r i e v e d f r o m " https://en.wikipedia.org/w/index.php?title=Shasta_Ventures&oldid=1155360972 " C a t e g o r i e s : ● F i n a n c i a l s e r v i c e s c o m p a n i e s e s t a b l i s h e d i n 2 0 0 4 ● V e n t u r e c a p i t a l f i r m s o f t h e U n i t e d S t a t e s H i d d e n c a t e g o r i e s : ● A r t i c l e s w i t h w i k i p u f f e r y f r o m S e p t e m b e r 2 0 2 1 ● A r t i c l e s w i t h a p r o m o t i o n a l t o n e f r o m S e p t e m b e r 2 0 2 1 ● A r t i c l e s l a c k i n g r e l i a b l e r e f e r e n c e s f r o m S e p t e m b e r 2 0 2 1 ● A l l a r t i c l e s l a c k i n g r e l i a b l e r e f e r e n c e s ● A l l a r t i c l e s w i t h u n s o u r c e d s t a t e m e n t s ● A r t i c l e s w i t h u n s o u r c e d s t a t e m e n t s f r o m S e p t e m b e r 2 0 2 1
● T h i s p a g e w a s l a s t e d i t e d o n 1 7 M a y 2 0 2 3 , a t 2 0 : 4 7 ( U T C ) . ● T e x t i s a v a i l a b l e u n d e r t h e C r e a t i v e C o m m o n s A t t r i b u t i o n - S h a r e A l i k e L i c e n s e 4 . 0 ;
a d d i t i o n a l t e r m s m a y a p p l y . B y u s i n g t h i s s i t e , y o u a g r e e t o t h e T e r m s o f U s e a n d P r i v a c y P o l i c y . W i k i p e d i a ® i s a r e g i s t e r e d t r a d e m a r k o f t h e W i k i m e d i a F o u n d a t i o n , I n c . , a n o n - p r o f i t o r g a n i z a t i o n . ● P r i v a c y p o l i c y ● A b o u t W i k i p e d i a ● D i s c l a i m e r s ● C o n t a c t W i k i p e d i a ● C o d e o f C o n d u c t ● D e v e l o p e r s ● S t a t i s t i c s ● C o o k i e s t a t e m e n t ● M o b i l e v i e w
