This article contains wording that
promotes the subject through
exaggeration of
unnoteworthy facts. (September 2021) |
Industry | Venture capital |
---|---|
Founded | 2004 |
Founder | Rob Coneybeer, Ravi Mohan |
Headquarters | Menlo Park, California |
Website |
shastaventures |
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'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]
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]
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]
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]
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]
In August 2019 partner Doug Pepper left the firm, potentially triggering a " key-man" event [20]
This article contains wording that
promotes the subject through
exaggeration of
unnoteworthy facts. (September 2021) |
Industry | Venture capital |
---|---|
Founded | 2004 |
Founder | Rob Coneybeer, Ravi Mohan |
Headquarters | Menlo Park, California |
Website |
shastaventures |
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'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]
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]
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]
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]
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]
In August 2019 partner Doug Pepper left the firm, potentially triggering a " key-man" event [20]