2011 was an amazing year - made 10 new investments (most ever!), sold one company…
Version One
As 2015 comes to an end, it’s time to reflect on what we’ve done and where we’re headed. It’s hard to believe that it has been just a little over a year since we launched Fund II with $35M in commitments. Since then, we’ve accelerated our pace – backing exceptional entrepreneurs, feeding their growth, and […]
2011 was an amazing year - made 10 new investments (most ever!), sold one company…
2021 might be remembered as the year the world started to fully embrace the opportunity…
As 2015 comes to an end, it’s time to reflect on what we’ve done and where we’re headed. It’s hard to believe that it has been just a little over a year since we launched Fund II with $35M in commitments. Since then, we’ve accelerated our pace – backing exceptional entrepreneurs, feeding their growth, and seeing others out with successful exits.
Here are some of the most memorable highlights for us in 2015:
New portfolio companies
This year, we welcomed five new companies to the Version One portfolio:
We also publicly announced two companies, which we invested in at the end of 2014:
Exits
We celebrated the exits of three of our portfolio companies this year: Clarity, Dwellable, and Tindie.
Portfolio Summary and Investment Focus
Our existing portfolio companies have continued to build their businesses with nine of them raising new rounds. We participated in these follow-on deals to further support our founders.
In total, our 23 active companies collectively raised $65M in 2015.
While our highest concentration of companies is now in the SF/Bay Area (7), we remain geographically agnostic and are excited about the growing ecosystems outside the Valley, particularly Toronto/KW (6), Seattle (5), and NYC (2).
In addition to investing, we focused our time on developing our investment theses, particularly around marketplaces (we published a handbook) and healthcare (we published a blog series with Union Square Ventures). Other themes that we are bullish about for the new year include: mobile marketplaces, B2B marketplaces, mobile SaaS, machine learning and artificial intelligence, Bitcoin and blockchain technology, Fintech 2.0, eSports, and virtual reality.
We’ve learned that we love all things with strong network effects. And of course, we stay inspired by our founders and the amazing new entrepreneurs we meet as they strive to make a positive impact.
Finally, we are indebted to our LPs, colleagues, partners, portfolio companies, friends, and followers, for their continued support. Thank you all for a great year!
Our warmest wishes to you and yours for a happy holiday season and here’s to a 2016 that is rich in creativity and innovation.
-Angela & Boris 🙂
Data / AI / ML
This November marks three years since the launch of ChatGPT. That moment brought AI into the mainstream, with large language models (LLMs) seen as the breakthrough technology powering it. Since then, innovation in AI has been relentless — perhaps one of the fastest cycles we’ve ever witnessed in tech. It’s worth pausing to reflect on […]
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