Michael Berolzheimer is a longtime investor and managing partner of Bee Partners. He launched the firm 10 years ago and was an early backer of the adtech company TubeMogul, which went public in 2014. But even after closing the firm’s third fund, having a growing staff, a stable of maturing companies and notable exits, Berolzheimer […]
Griffin Gaming Partners, a new venture firm co-founded by former Lionsgate executive Peter Levin, is officially raising its first fund, according to a regulatory filing. Venture Capital Journal was the first to report on the launch of the San Francisco-based firm with a story on Aug. 30. At that time, Griffin had not filed a […]
Here’s a quiz. What is America’s largest consumer debt? A) Mortgages B) Credit cards C) Student loans The answer is C. At $1.5 trillion and growing, student loan debt is now the largest consumer debt in the U.S., larger than mortgages, larger than credit cards. And it’s impacting not just those who owe the debt, […]
David Hornik wants to set the record straight about August Capital, where he has been a general partner since 2000. The firm is doing just fine, buoyed by a recent sizable exit, and is on track to begin raising its eighth fund next year, he said. There has been a lot of confusion, and some […]
After years of climbing rapidly, valuation growth started to cool down in the first half of 2019, in a market that remains incredibly active. A PitchBook report published on Aug. 19 showed that numbers from H1 2019 point to a stabilization of valuations. This slowdown comes as the market’s deal count has also been on […]
The past decade brought unprecedented change to venture capital. Today’s GP must bring together the sometimes competing goals of specialization, diversification and capitalization
An entertainment industry executive and a veteran Silicon Valley VC have teamed up to launch a venture firm focused exclusively on gaming: Griffin Gaming Partners. Griffin’s managing directors are Peter Levin, formerly president of Interactive Ventures and Games at Lionsgate, and Phil Sanderson, previously a managing director at Ridge Ventures. The Griffin team also includes […]
Structure Capital, an early investor in the unicorns Carta, Sonder, Uber and Wag, is seeking to raise a growth-stage fund for its next vehicle. The San Francisco-based firm in June filed a regulatory document with a $50 million target to raise Structure Duomo. Duomo is a structure in Florence with thousands of beams all relying on […]
NEA 17 has now raised capital from at least nine public pensions, including Nebraska, Sacramento and LA pension funds.
Large funds are the differentiators for late-stage general partners as established firms fill gargantuan war chests to do battle for the hottest growth companies and new era of concentration is settling in