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Greylock Raises $575 Million In Six Weeks
Source: Silicon Alley Insider
Nov 02, 2009


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Summary

Greylock Partners announced today that it closed its "lucky" thirteenth round and brought in LinkedIn founder Reid Hoffman as partner.


We spoke with Greylock partner David Sze on the phone about the news, and learned:



  • The raise took just six weeks to complete.

  • Greylock only wanted to raise $500 million, but thanks to what David calls a "flight to quality," took $575 million.

  • The fund will continue to focus on what Sze calls "IP in the software stack." Expect investments in consumer-facing software on the Internet.

  • David says Reid is "exactly our type of guy," likening him to Greylock partner Aneel Bhusri, the former vice chairman of PeopleSoft.


Read the rest of this story ยป

See Also:

  • LinkedIn Goes To The White House
  • LinkedIn: Still Profitable With Ad Revenues Up 50%
  • LinkedIn's Hoffman: Web 2.0 Just Beginning of Social Data Mining (CLIP)
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