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A type of private equity capital typically provided by professional, outside investors to new, growth businesses. Generally made as cash in exchange for shares in the invested company, venture capital investments are usually high risk, but offer the potential for above-average returns.
Is an affluent individual who provides capital for a business start-up, usually in exchange for ownership equity. They typically invest their own funds, unlike venture capitalists, who manage the pooled money of others in a professionally-managed fund
Shaped by successive waves of innovation and entrepreneurship, emergence of new forms of financing (venture capital), and the evolving military and commercial demand for electronic and biomedical products
Evolution of Venture Capital in Silicon Valley
Venture capital in Silicon Valley grew by a process of combination, division, and incessant networking:
“ When I started Convergent [Technologies], I got commitments for $2.5 million in 20 minutes from three people over lunch who saw me write the business plan on the back of a napkin. They believed in me. In Boston, you can’t do that. It’s much more formal.”
Sand Hill Road KLEINER PERKINS CAUFIELD & BYERS 2750 Sand Hill Rd., REDPOINT VENTURES 3000 Sand Hill Rd., NEW ENTERPRISE ASSOCIATES 2490 Sand Hill Rd., BENCHMARK CAPITAL 2480 Sand Hill Rd SEQUOIA CAPITAL 3000 Sand Hill Rd.,
Top-notch freeway (the scenic and relatively uncongested Highway 280), ultra-exclusive residential areas (adjacent Atherton and Woodside), a leading research institution (Stanford), a nearby cultural center (San Francisco) and a booming industrial corridor (Silicon Valley). HP Garage Google Microsoft Research Advanced Micro Devices Xerox Corporation Sand Hill Road