Summary Performance Data
Raised Follow-On Funding: 87%
Acquisitions: 9
MOIC (current): 5.4x
TVPI (current): 7.7x
Exit Highlights: Parsec, $320M acquisition, 2021 | Casetext, $650M acquisition, 2023
Frequent Co-investors: Founder Collective, FirstMark Capital, Union Square Ventures, RRE, Notation, General Catalyst
Board Participation: 5 seats (2 as an observer)
Initial Investments
| Company | Category | Stage | Firm | Check Size | Raised to Date | My Involvement |
|---|---|---|---|---|---|---|
| Parsec (acquired) | Gaming | Preseed | Nextview Ventures | $340K | $34.3M | Sourced Deal, Negotiated Participation, Board Member |
| Casetext (acquired) | Legal - AI | Seed | Red Sea Ventures | $350K | $64.3M | Portfolio Support, Series A Advocacy |
| Timber (acquired) | Developer Tools | Preseed | Nextview Ventures (Co-Lead) | $200K | $5.8M | Sourced Deal, Negotiated Participation, Board Member |
| Code Climate | Developer Tools | Series A | Nextview Ventures | $750K | $65M | Portfolio Support, Series A Advocacy |
| WayUp (acquired) | Employment | Seed | Red Sea Ventures | $350K | $27.3M | Sourced Deal, Negotiated Participation, Portfolio Support |
| Dia & Co. (acquired) | Ecommerce | Seed | Nextview Ventures | $500K | $90M | Sourced Deal, Negotiated Participation, Portfolio Support |
| Troops (acquired) | Enterprise SaaS | Seed | Nextview Ventures | $350K | $29.3M | Won Participation, Portfolio Support, Follow-On Strategy |
| Outdoor Voices (acquired) | Ecommerce | Seed | Red Sea Ventures | $175K | $64.1M | Sourced Deal, Portfolio Support, Follow-On Strategy |
| Optimus Ride (acquired) | Autonomous Driving | Seed | Nextview Ventures (Co-Lead) | $700K | $76M | Sourced Coinvestor Syndicate, Portfolio Support |
| Zipdrug (acquired) | Consumer Health | Seed | Red Sea Ventures | $350K | $13.4M | Sourced Deal, Negotiated Participation, Portfolio Support |
| The Outline | Digital Media | Seed | Nextview Ventures | $500K | $10.2M | Sourced Deal, Negotiated Participation, Portfolio Support |
| Electric Objects | Connected Hardware | Seed | Red Sea Ventures | $175K | $8.9M | Sourced Deal, Negotiated Participation, Portfolio Support |
| GetPoint App | Consumer Social | Preseed | Red Sea Ventures | $110K | $1.1M | Sourced Deal, Negotiated Participation, Portfolio Support |
| Voodoo Manufacturing | Additive Manufacturing | Series A | Nextview Ventures | $550K | $6.7M | Sourced Deal, Negotiated Participation, Portfolio Support |
| Roam Coliving | Alternative Living | Seed | Nextview Ventures | $300K | $3.4M | Sourced Deal, Negotiated Participation, Portfolio Support |
[ Performance data for each company, including FMV, COCR, and TVPI available at the following, password upon request: Current Performance Data ]
Follow-On Funding and Co-Investors
| Company | Type | Stage | Amount | Date | Co-Investors or Acquirer |
|---|---|---|---|---|---|
| Dia & Co. | First Funding | Seed | $3M | Dec. 2015 | Founder Collective (Lead), Lerer Hippeau |
| Follow-On | Series A | $20M | Sep. 2016 | Sequoia Capital (Lead) | |
| Follow-On | Series B | $30M | Jan. 2018 | Sequoia Capital (Lead) | |
| Follow-On | Series C | $40M | Nov. 2018 | Union Square Ventures (Lead) | |
| Acquisition | Exit | TBD | Apr. 2024 | FullBeauty Brands (Acquirer) | |
| Parsec | First Round | Seed | $1M | Jan. 2017 | Lerer Hippeau, Notation Capital |
| Follow-On | Series A | $7M | May 2020 | Makers Fund (Lead), Notation, LHV, Hewlett Packer Ventures | |
| Follow-On | Series B | $25M | Dec. 2020 | Andreesen Horowitz (Lead), Makers Fund, Notation, Lerer Hippeau | |
| Acquisition | Exit | $320M | Aug. 2021 | Unity (Acquirer) | |
| Casetext | First Round | Series A | $7M | Feb. 2015 | Union Square Ventures (Lead), Box Group, Formation 8 |
| Follow-On | Series B | $12M | Mar. 2017 | Union Square Ventures (Lead), 8VC | |
| Follow-On | Venture | $18.5M | Feb. 2020 | Union Square Ventures, Canvas Ventures | |
| Follow-On | Venture | $25M | Jan. 2022 | BuildGroup (Lead), Union Square Ventures, Canvas Ventures, Touchdown VC, Y-Combinator | |
| Acquisition | Exit | $650M | Jun. 2023 | Thomson Reuters (Acquirer) | |
| Timber | First Round | Preseed | $500K | Apr. 2016 | Notation Capital, Ludlow Ventures, Wonder Ventures |
| Follow-On | Seed | $2.3M | Dec. 2017 | FirstMark Capital (Lead) | |
| Follow-On | Venture | $3.5M | Aug. 2019 | FirstMark Capital (Lead) | |
| Acquisition | Exit | $41M | Feb. 2021 | Datadog (Acquirer) | |
| WayUp | First Round | Seed | $980K | Sep. 2014 | Y-Combinator, RRE Ventures, Maveron, Lerer Hippeau, Box Group |
| Follow-On | Series A | $7.8M | Apr. 2015 | General Catalyst (Lead), Index Ventures, Lerer Hippeau, SV Angel | |
| Follow-On | Series B | $18.5M | Mar. 2017 | Trinity Ventures (Lead), CAA Ventures, Axel Springer | |
| Acquisition | Merger | TBA | Jul. 2021 | Yello (Merged) | |
| Code Climate | First Round | Series A | $4.5M | Oct. 2016 | Union Square Ventures (Lead), Trinity Ventures, Lerer Hippeau |
| Follow-On | Venture | $8.5M | May 2020 | Foundry Group (Lead), Union Square Ventures, Lerer Hippeau, Trinity Ventures | |
| Follow-On | Series B | $50M | Sep. 2021 | PSG (Lead), Union Square Ventures, Foundry Group, Lerer Hippeau, Trinity Ventures | |
| Troops | First Round | Seed | $2.6M | May 2016 | First Round Capital (Lead), Vast Ventures |
| Follow-On | Series A | $7M | Sep. 2016 | Felicis Ventures (Lead), Founder Collective, First Round Capital, Susa Ventures, Slack Fund, Great Oaks, Vast Ventures | |
| Follow-On | Venture | $7.7M | Jul. 2018 | First Round Capital (Lead) | |
| Follow-On | Series B | $12M | Jun. 2019 | Aspect Ventures (Lead), First Round Capital, Felicis Ventures, Slack Fund, Chicago Ventures | |
| Acquisition | Exit | TBA | Jul. 2022 | Salesforce (Acquirer) | |
| Outdoor Voices | First Round | Seed | $1.1M | Apr. 2015 | General Catalyst, Collaborative Fund, Brainchild, 14W |
| Follow-On | Series A | $7M | Oct. 2015 | General Catalyst (Lead), Forerunner Ventures, 14W | |
| Follow-On | Series B | $13M | Jul. 2016 | General Catalyst (Lead), Forerunner Ventures, 14W, Collaborative Fund, BAM | |
| Follow-On | Series C | $34M | Mar. 2018 | GV (Lead), General Catalyst, Forerunner Ventures | |
| Acquisition | Exit | TBA | Jun. 2024 | Consortium Brand Partners (Acquirer) | |
| Optimus Ride | First Round | Seed | $5.3M | Oct. 2016 | FirstMark Capital (Lead), Greycroft, Haystack |
| Follow-On | Series A | $18M | Nov. 2017 | Greycroft (Lead), FirstMark Capital, Emerson Collective | |
| Follow-On | Series B | $50M | Nov. 2019 | Energize Ventures (Lead), Greycroft, FirstMark Capital | |
| Acquisition | Exit | TBA | Jan. 2022 | Magna (Acquirer) | |
| Zipdrug | First Round | Preseed | $350K | Jul. 2015 | Collaborative Fund (Lead), Notation, Neu VC |
| Follow-On | Seed I | $2.6M | Nov. 2015 | Lux Capital, Collaborative Fund, Compound, Notation | |
| Follow-On | Seed II | $3.2M | Jul. 2017 | iSeed Ventures (Lead) | |
| Follow-On | Venture | $10.8M | Feb. 2019 | Third Prime, Compound (Co-Leads), Notation, Lux | |
| The Outline | First Round | Seed | $5M | Aug. 2016 | RRE Ventures (Lead), Advancit Capital |
| Follow-On | Series A | $5.2M | May 2018 | RRE Ventures (Lead), Advancit Capital, Tegna Inc. | |
| Electric Objects | First Round | Seed | $1.7M | Apr. 2014 | RRE Ventures, First Round Capital, SV Angel, Betaworks |
| Follow-On | Series A | $5M | Aug. 2015 | Bessemer Venture Partners (Lead), RiverPark Ventures | |
| Follow-On | Venture | $1.4M | Aug. 2016 | Bessemer Venture Partners (Lead) | |
| GetPoint App | First Round | Seed | $1.1M | Mar. 2014 | FirstMark Capital (Lead), True Ventures |
| Roam Coliving | First Round | Seed | $3.4M | May 2016 | CRV (Lead), Collaborative Fund, Alpaca VC |