At Greenspring we believe in venture capital's ability to propel innovation, job creation and positive societal change. We celebrate those who think differently, take measured risk and challenge perceptions. Here's what's trending in VC this week:
Meg Whitman and Jeffrey Katzenberg of Greenspring portfolio company Quibi delivered an interesting keynote at this year’s Consumer Electronics Show showcasing how Quibi is uniquely bringing together Hollywood and Silicon Valley. Tune into the full keynote here.
We are excited to congratulate Greenspring primary manager Obvious Ventures on the successful close of their third fund! Check out Co-Founders Ev Williams and James Joaquin on Squawk Box discussing the exciting news here.
It’s time to apply for the Pear Accelerator! Greenspring primary manager Pear has opened their program to applicants for the Winter and Summer 2020 sessions. They will partner with ten teams to build iconic companies.
Our portfolio company Understory, which builds weather sensors that collect data to track precipitation, wind, temperature, air pressure and more, was recently named an Innovative Startup to Watch in 2020 by Inc! Check out the full list here.
At Greenspring Associates, we believe that a pervasive myth exists in the venture capital Limited Partner ecosystem: the notion that venture capital is an “access class.” Said differently, if you polled institutions that allocate to venture capital and asked them to identify the single most important factor in determining strong performance, the vast majority would cite access to the “best brands.” The truth is that a profound change is underway in our industry. Over 600 micro-vc firms have been founded within the last five years, countless “branded” firms have experienced generational transitions and new geographies have emerged as viable complements to the US. In our opinion, the dynamic nature of the market necessitates an investment approach not tethered to traditional thinking. Read our full blog post unpacking venture capital’s access myth here.
The content here is for informational purposes only and should NOT be taken as legal, business, tax, or investment advice. It does NOT constitute an offer or solicitation to purchase any investment or a recommendation to buy or sell a security. In fact, the content is not directed to any investor or potential investor and may not be used to evaluate or make any investment.