Shasta Ventures is boosting up to $300 million for a fifth fund in accordance to a new SEC filing that lists taking care of director Jason Pressman and Rob Coneybeer (Coneybeer co-founded Shasta with fellow taking care of directors Tod Francis and Ravi Mohan in 2004 Pressman joined the following year). Shasta seems to be sticking with its knitting with its new fund. It noticed an great return when its portfolio corporation Nest Labs sold to Google for $3.2 billion in early 2014. (Coneybeer talked with this reporter below about how persistence compensated off with that Nest bet.) Even nonetheless, its newest fund is focusing on the exact total on which the business closed accurately two a long time in the past. Its 3rd fund, closed in 2011, was also roughly the exact measurement: $265 million. Shasta, which focuses on early-phase possibilities, invests in enterprise, consumer and linked hardware businesses. In addition to Nest, Shasta’s many substantial-profile portfolio businesses involve the personal finance support Mint (bought to Intuit in 2009) Airware, the drone working program startup Eero (the following era Wi-Fi router corporation) and the razor-membership support Greenback Shave Club.
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Shasta Ventures is boosting up to $300 million for a fifth fund in accordance to a new SEC filing that lists taking care of director Jason Pressman and Rob Coneybeer (Coneybeer co-founded Shasta with fellow taking care of directors Tod Francis and Ravi Mohan in 2004 Pressman joined the following year). Shasta seems to be sticking with its knitting with its new fund. It noticed an great return when its portfolio corporation Nest Labs sold to Google for $3.2 billion in early 2014. (Coneybeer talked with this reporter below about how persistence compensated off with that Nest bet.) Even nonetheless, its newest fund is focusing on the exact total on which the business closed accurately two a long time in the past. Its 3rd fund, closed in 2011, was also roughly the exact measurement: $265 million. Shasta, which focuses on early-phase possibilities, invests in enterprise, consumer and linked hardware businesses. In addition to Nest, Shasta’s many substantial-profile portfolio businesses involve the personal finance support Mint (bought to Intuit in 2009) Airware, the drone working program startup Eero (the following era Wi-Fi router corporation) and the razor-membership support Greenback Shave Club.
Shasta Ventures is boosting up to $300 million for a fifth fund in accordance to a new SEC filing that lists taking care of director Jason Pressman and Rob Coneybeer (Coneybeer co-founded Shasta with fellow taking care of directors Tod Francis and Ravi Mohan in 2004 Pressman joined the following year).
Shasta seems to be sticking with its knitting with its new fund. It noticed an great return when its portfolio corporation Nest Labs sold to Google for $3.2 billion in early 2014. (Coneybeer talked with this reporter below about how persistence compensated off with that Nest bet.) Even nonetheless, its newest fund is focusing on the exact total on which the business closed accurately two a long time in the past.
Its 3rd fund, closed in 2011, was also roughly the exact measurement: $265 million.
Shasta, which focuses on early-phase possibilities, invests in enterprise, consumer and linked hardware businesses.
In addition to Nest, Shasta’s many substantial-profile portfolio businesses involve the personal finance support Mint (bought to Intuit in 2009) Airware, the drone working program startup Eero (the following era Wi-Fi router corporation) and the razor-membership support Greenback Shave Club.