Valley VCs Get Busy
Posted by Pierre de la Fortune on January 11, 2015 @ 12:01 a.m.
Written by Kent Bernhard, Jr.
The Silicon Valley/San Jose Business Journal released its list of the busiest venture capitalists within its bailiwick Thursday, and perhaps it should come as no surprise that KPCB is positioned at the very top. The rankings were based upon the number of completed deals rather than the total amount of dollars invested.
KPCB has long been one of the giants of the Valley investing scene, known for placing bets on startups that specialize in areas ranging from clean tech to software, and for dedicating special funds to two of the hottest trends going: social media and applications for mobile computing.
Kleiner Perkins completed 77 deals, invested in 65 companies, and bet $582.92 million in 2010, according to the business journal analysis of The MoneyTree Report from PricewaterhouseCoopers and National Venture Capital Association, for which data was provided by Thomson Reuters.
Heres a look at the rest of the top five and their 2010 investments: * No. 2 New Enterprise Associates nailed down 68 deals, invested in 63 companies and put $327.19 million on the line. * No. 3 Draper Fisher Jurvetson, headed by second-generation VC Tim Draper, participated in 60 deals, invested in 52 companies, and risked $180.38 million. * No. 4 North Bridge Venture Partners cut 55 deals, funded 44 companies, and put $192.77 million on the line. * No. 5 Sequoia Capital had a hand in 48 deals, put money into 43 companies, and invested $243.99 million.
Those numbers for 2010 are likely to rise this year, as venture capitalists regain their swagger and make more bets, especially in hot areas such as social media.
Social media, as a platform, is a great wave, Draper wrote in an email to Portfolio.com following the initial public offering of LinkedIn, in which that companys value doubled in a day. Expect to see many successful companies that come riding this wave. Meebo, ShareThis, Glam, JustinTV, and many others are well positioned to take advantage of social media.
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Kent Bernhard Jr. is News Editor of Portfolio.com Read more: http://www.portfolio.com/views/blogs/money-hunt/2011/05/27/kleiner-perkins-tops-list-of-most-active-silicon-valley-venture-capital-firms/#ixzz1f8K7B3gY
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