Draper Fisher Jurvetson

Draper Fisher Jurvetson (DFJ) is an American venture capital firm. In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures.[1] DFJ Growth continues to be managed by co-founder John Fisher and the existing DFJ Growth partner team.[2]

Draper Fisher Jurvetson
TypePrivate ownership
IndustryVenture capital
Founded1985
FounderTim Draper
John H. N. Fisher
Steve Jurvetson
HeadquartersMenlo Park, California, United States
Key people
Heidi Roizen
ProductsInvestments
Total assets$5 billion
Websitewww.dfj.com

History

DFJ was founded in 1985 by Tim Draper. John Fisher became a partner in 1991 and Steve Jurvetson joined in 1994.[3][4][5]

In 2013, founding partner Draper announced his departure from future DFJ Venture funds, with John Fisher continuing in his role with DFJ Growth.[6] Draper announced he will continue investing out of an early stage venture fund Draper Associates V and assisting his son in running an incubator.

DFJ Growth's investments include Anaplan,[7] Coinbase,[8] Cylance,[9] Ring,[10] Sisense,[11] SpaceX,[12] Tesla,[13] Twitter,[13] Unity,[14] and Yammer.[15]

Organization

The firm is headquartered in Menlo Park, California, and is currently investing DFJ Growth’s third fund of $535 million, which closed in 2017.[16] DFJ Growth partner Randy Glein has been named to the Forbes Midas List several times, most recently in 2019.[13] He was also named one of the world’s top venture capitalists in 2016, 2017, 2018, and 2019 by the New York Times/CB Insights.[17]

Affiliates

The DFJ Network was renamed the Draper Venture Network in 2015 and is operated by Tim Draper. [18]

Venture capital investments

References
  1. "Venture capital firm Draper Fisher Jurvetson changes its name to Threshold Ventures". Axios. May 13, 2014. Retrieved 2020-01-12.
  2. "People". DFJ Growth Venture Capital. 2019. Retrieved 2020-01-12.
  3. TrueBridge Capital (April 15, 2015). "The Investors Behind The Next Billion Dollar Startups". Forbes. Retrieved 2020-01-12.
  4. Venture firm DFJ denies report that co-founders Tim Draper and John Fisher are on the way out
  5. Deborah Perry Piscione (April 2, 2013). Secrets of Silicon Valley: What Everyone Else Can Learn from the Innovation Capital of the World. Palgrave Macmillan. pp. 129–. ISBN 978-1-137-32421-4.
  6. "Exclusive: Tim Draper is leaving DFJ". Fortune. November 19, 2013. Retrieved 2020-01-12.
  7. Chowdhury, Ahmed (2014-05-13). "Anaplan Raises $100 Million in Series D Financing Round Led By DFJ Growth". Anaplan. Retrieved 2020-01-12.
  8. "Coinbase raises $75 million in largest-ever VC round for Bitcoin company". Fortune. January 20, 2015. Retrieved 2020-01-12.
  9. "Cybersecurity Startup Cylance Raises $42 Million in Series C Round of Funding". Fortune. July 28, 2015. Retrieved 2020-01-12.
  10. "Connected doorbell startup Ring raises $109 million from DFJ, Goldman Sachs, Qualcomm, others". VentureBeat. 2017-01-25. Retrieved 2020-01-12.
  11. "SiSense Raises $30M More To Bring Big Data Analytics To Businesspeople". TechCrunch. June 12, 2014. Retrieved 2020-01-12.
  12. "Randy Glein of DFJ Growth On Today's Crazy Late-Stage Market". TechCrunch. December 17, 2015. Retrieved 2020-01-12.
  13. "Forbes Profile: Randy Glein". Forbes. 2018.
  14. "Unity raises $181M monster round at a reported $1.5B valuation". TechCrunch. July 13, 2016. Retrieved 2020-01-12.
  15. "Yammer Raises $85 Million in Financing Round Led by DFJ Growth". Microsoft 365 Blog. 2012-02-29. Retrieved 2020-01-12.
  16. "DFJ Growth closes its third fund with $535 million". TechCrunch. April 20, 2017. Retrieved 2020-01-12.
  17. "The Top 100 Venture Capital Partners & Firms". CB Insights Research. 2019-03-31. Retrieved 2020-01-12.
  18. "Under Tim Draper, Draper Network Extends Reach, Eyes New Funding Model". TechCrunch. November 19, 2015. Retrieved 2020-01-12.
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