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] Shasta's third fund of $265 million was announced in September 2011.[4] The fourth fund, of $300 million, was announced in June 2014.[5]
Investment philosophyedit
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]
Companiesedit
Mint.comedit
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] An article by Alexia Tsotsis for TechCrunch quoted Shasta's managing director Tod Francis as using the phrase "Classic Shasta" to describe Shasta's investment in Mint.com.[4]
Nest Labsedit
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]
In August 2019 partner Doug Pepper left the firm, potentially triggering a "key-man" event[20]
Referencesedit
^"About Us". Shasta Ventures. Retrieved January 15, 2014.
^"Contact Us". Shasta Ventures. Retrieved January 22, 2014.
^ abConstine, Josh (January 13, 2014). "Who Gets Rich From Google Buying Nest? Kleiner Returns 20X On $20M, Shasta Nets ~$200M". TechCrunch. Retrieved January 22, 2014.
^ abcTsotsis, 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.
shasta, ventures, this, article, contain, wording, that, promotes, subject, through, exaggeration, unnoteworthy, facts, please, help, improve, removing, replacing, such, wording, september, 2021, learn, when, remove, this, template, message, some, this, articl. This article may contain wording that promotes the subject through exaggeration of unnoteworthy facts Please help improve it by removing or replacing such wording September 2021 Learn how and when to remove this template message Some of this article s listed sources may not be reliable Please help this article by looking for better more reliable sources Unreliable citations may be challenged or deleted September 2021 Learn how and when to remove this template message Shasta Ventures is an early stage venture capital investment firm located in Silicon Valley that invests in enterprise and technology consumer startups 1 It is located on Sand Hill Road in Menlo Park 2 Shasta VenturesIndustryVenture capitalFounded2004FounderRob Coneybeer Ravi MohanHeadquartersMenlo Park CaliforniaWebsiteshastaventures wbr com Contents 1 Funds 2 Investment philosophy 3 Companies 3 1 Mint com 3 2 Nest Labs 3 3 Other investments 4 Controversy 5 References 6 External linksFunds editShasta 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 Shasta s third fund of 265 million was announced in September 2011 4 The fourth fund of 300 million was announced in June 2014 5 Investment philosophy editShasta 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 editMint 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 An article by Alexia Tsotsis for TechCrunch quoted Shasta s managing director Tod Francis as using the phrase Classic Shasta to describe Shasta s investment in Mint com 4 Nest Labs edit Shasta Ventures and Kleiner Perkins Caufield amp 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 such as Anaplan Brandcast 12 Entelo 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 editIn 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 amp 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 editOfficial website nbsp Retrieved from https en wikipedia org w index php title Shasta Ventures amp oldid 1155360972, wikipedia, wiki, book, books, library,
