Greylock Partners is one of the oldest

venture capital Venture capital (VC) is a form of private equity financing provided by firms or funds to start-up company, startup, early-stage, and emerging companies, that have been deemed to have high growth potential or that have demonstrated high growth in ...

firms, founded in 1965, with committed capital of over $3.5 billion under management. The firm focuses on early-stage companies in consumer and enterprise software.

History

Greylock was founded in 1965 in

Cambridge, Massachusetts Cambridge ( ) is a city in Middlesex County, Massachusetts, United States. It is a suburb in the Greater Boston metropolitan area, located directly across the Charles River from Boston. The city's population as of the 2020 United States census, ...

by Bill Elfers and Dan Gregory, joined shortly thereafter by Charlie Waite. Elfers and Waite had both worked at American Research and Development Corporation. The original capital of $10 million was committed by a group of six families. The company opened a second fund in 1973. The company opened its first office in

Silicon Valley Silicon Valley is a region in Northern California that is a global center for high technology and innovation. Located in the southern part of the San Francisco Bay Area, it corresponds roughly to the geographical area of the Santa Clara Valley ...

in 1999. Greylock closed its 12th fund in 2005 with $500 million. In 2009, Greylock relocated its headquarters from the original Boston location to Silicon Valley. Also in 2009, Greylock opened its 13th fund with $575 million. In 2011, the 13th fund was increased to $1 billion. The company organized a 14th fund in 2013 with $1 billion. The company organized a 15th fund in 2016 with $1 billion. In 2020, it organized a 16th fund with $1 billion, and in 2021, the company raised an additional $500 million for the 16th fund to be used exclusively on seed deals. In 2014, Greylock launched Communities, a series of networking events centered on areas like design, big data, infrastructure engineering, user growth, data science, and network security. The communities are composed of product managers, engineers, and technologists from Silicon Valley's largest and fastest growing companies who meet once a quarter. Their branch in

Israel Israel, officially the State of Israel, is a country in West Asia. It Borders of Israel, shares borders with Lebanon to the north, Syria to the north-east, Jordan to the east, Egypt to the south-west, and the Mediterranean Sea to the west. Isr ...

formerly known as ''Greylock IL'' was rebranded as ''83north'' in January 2015. Greylock partners include David Sze,

Reid Hoffman Reid Garrett Hoffman (born August 5, 1967) is an American internet entrepreneur, venture capitalist, podcaster, and author. Hoffman is the co-founder and former executive chairman of LinkedIn, a business-oriented social network used primarily ...

, and Mustafa Suleyman.

References

External links

Greylock Partners Home Page
1965 establishments in Massachusetts Financial services companies established in 1965 Venture capital firms of the United States Financial services companies based in California Companies based in Menlo Park, California Private equity firms of the United States {{US-private-equity-company-stub