Chris Witkowsky
Evoking a mighty struggle against an unjust war, a VC who led a high-profile bet on marijuana legalization said the slowly growing industry is becoming more accepted – and crowded.
Firm that backed Machine Zone, Munchery and Trunk Club has raised its third fund.
Institutional Venture Partners has promoted Somesh Dash and Eric Liaw to general partners. They join Todd Chaffee, Norm Fogelsong, Steve Harrick, Jules Maltz, Sandy Miller and Dennis Phelps as general partners. Dash joined IVP in 2005 and focuses primarily on later-stage investments in Internet, software, mobile and technology-enabled services. He led the firms's investments in Business Insider, Klout, Pure Storage, SoundCloud and Woven. Liaw joined in 2011 and focuses on working with growth companies across sectors like enterprise software, Internet and mobile.
Institutional Venture Partners has hired Tracy Hogan as chief financial officer. Prior to joining IVP, Hogan worked as CFO and chief compliance officer at Elevation Partners for more than 10 years.
Fund is reportedly targeted at $2.75 billion, while Inisght Venture is also raising a co-investment fund of about $800 million
Sources confirm the firm, which is an investor in Box, Lyft and Snapchat, is targeting $750 million
Led the development of NVCA’s model legal documents for venture financing
L Squared Capital seeks longer hold periods, fewer but bigger LPs
Healthcare-focused venture firm beats $50 million target
Venture capital returns dropped in the first quarter from the end of last year, but they continued to show improvement over longer time frames, according to a report by Cambridge Associates.