The promotion of Jake Seid and Eric O’Brien to general partners may seem desperate to some observers, but others may see the move as prudent. The decision to promote them is based on a number of factors, including their track record and success. Let’s take a closer look.
One of the most interesting things about Lightspeed Venture Partners is the fact that it has expanded into China. The firm made its first investment in China in 2004 when there were only a few U.S. venture capital firms operating in the country. In 2006, Lightspeed opened an office in Shanghai and hired a local investment team. During this time, Eric also spent five months in China, where he helped build up the firm’s first investments in the country. One of these investments became the firm’s first successful liquidity event in the country.
Lightspeed Venture Partners is a global venture capital firm that focuses on multi-stage investments in enterprise, consumer, and health sectors. The firm invests in seed, early-stage, and growth stage companies. Its strategy is to invest in companies at every stage of their lifecycle, from the first round to the later rounds.
While Lightspeed has not announced the size of its new fund, it is likely to be larger than its previous fund, which was close to $800 million. However, the firm is likely to follow the Benchmark Capital model, requiring less than $1 billion in initial investments. This means that Lightspeed will have more flexibility to participate in large later-stage rounds. For example, a $400 million infusion for its portfolio company Living Social would bump the total ask up to $1 billion.
Fall Line Capital
Fall Line Capital is a Silicon Valley investment firm focusing on agricultural technology startups. Its founder, Clay Mitchell, is a fifth generation Iowa farmer. His co-founder, Eric O’Brien, had a successful career in finance and worked as a managing director at Lightspeed Venture Partners, which manages more than $3 billion.
MixMode has secured $4 million in Series A funding from Lightspeed Venture Partners and O’brien Venture Partners. The cybersecurity startup uses artificial intelligence to protect enterprise data networks. The funding will help the startup hire more people, expand its marketing efforts, and build a more comprehensive platform.
Jake Seid, Managing Director at Stone Bridge Ventures, has raised more than $700 million for his portfolio companies. He previously served as the President of Ten-X, which built the largest online marketplace for real estate transactions. The company has transacted more than $50 billion in real estate transactions, and was recently acquired by TH Lee for $1.6 billion. Prior to joining Stone Bridge Ventures, Seid worked at Cisco and Lightspeed Venture Partners. He worked in Cisco’s early broadband business unit, and was also honored with a Young Global Leader award.
Carl Showalter is a general partner at Lightspeed Venture Partners and a founding partner of Opus Capital. He joined Lightspeed in 2002 after serving as the Vice President of Worldwide Marketing at Juniper Networks. He has also held executive positions at Telcordia Technologies, Inc., and Sequent Software. Earlier in his career, he was employed at Bellcore, where he focused on network security and packetized data services.
Recently, the firm’s partners were engaged in discussions regarding new funds. Specifically, Barry Eggers, Ravi Mhatre, and Peter Nieh plan to raise a $400M early-stage technology venture capital fund this fall. Meanwhile, Carl Showalter and Gill Cogan plan to raise separate funds with different investment strategies by the end of the year. While focusing on future fund raising, the partners will continue to manage portfolio companies.
Lightspeed Venture Partners Invests in China
Lightspeed Venture Partners has a track record of success in identifying emerging markets and has made significant investments in China. The firm first launched operations in China in 2004, when very few U.S. venture capital firms had set up shop. Eric was tasked with sourcing the firm’s first investment in the region and developing its overall strategy for the region. He then moved to Shanghai for five months in 2006 to establish the firm’s China office and build a local investment team. While in Shanghai, he and his family helped build one of the firm’s initial investments, which turned into the firm’s first successful liquidity event in China.
The company invests in early-stage technology companies, with a focus on consumer and enterprise markets. It also makes investments in the cleantech sector. The firm typically makes investments in seed and early-stage companies, but has also been known to back startups at the growth stage.
Lightspeed Venture Partners – Eric O’Brien and Jake Seid Promoted to General Partners
Lightspeed Venture Partners is a VC firm with over $3 billion under management. The firm recently promoted Eric O’Brien and Jake Seid to general partners. While some may view the promotion as desperate, others may consider it prudent. Nevertheless, the recent promotions of Seid and O’Brien raise questions about the firm’s future.
Lightspeed Venture Partners focuses on investments in the consumer, health, and enterprise sectors. It invests in seed, early-stage, and growth-stage companies. It also makes debt investments in start-ups. This makes it a great option for companies seeking capital.
Lightspeed Venture Partners
Lightspeed Venture Partners is an international venture capital firm that invests in multi-stage companies in the health, enterprise, and consumer markets. The firm primarily targets seed and early-stage companies, but also focuses on investments in later-stage companies. The company specializes in debt financing for start-up companies.
Lightspeed has $3 billion in assets under management. Its partners include Eric O’brien and Jake Seid. They are responsible for growing the firm’s technology and internet investments. In recent years, the firm has expanded its focus to include investments in China. In particular, O’Brien is particularly interested in the burgeoning health-tech sector.
Lightspeed Venture Partners and Brien Venturebeat
Lightspeed Venture Partners is a global venture capital firm that focuses on investments across the enterprise, health, and consumer sectors. Its portfolio includes seed, early stage, and growth-stage companies. The partners have been credited with helping launch many of the most successful companies of the past decade.