Baseline Ventures
From Wikipedia, the free encyclopedia
American venture capital investment firm
 | |
| Company type | Private |
|---|---|
| Industry | Venture Capital |
| Founded | 2006; 20 years ago (2006) |
| Founder | Steve Anderson |
| Headquarters | , |
Area served | Worldwide |
| Products | Venture capital |
| Website | baselinev |
Baseline Ventures is a venture capital investment firm that focuses on seed and growth-stage investments in technology companies.[1] The company was the first seed investor in Instagram,[2][3][4] an early investor of Twitter[5] and has been called "one of Silicon Valley's most successful — and smallest — investment firms" by Forbes.[6] It is headquartered in Jackson, Wyoming.[7][8]
The company's founder and Managing Partner, Steve Anderson, was recognized on Fortune's 2012 list of "50 Businesspeople of the Year"[9] and included on the Forbes Midas List from 2012 to 2020.[10][11][12]
Anderson founded Baseline in 2006.[9][13] He previously worked for Kleiner Perkins Caufield & Byers, Microsoft, eBay and Starbucks.[13][14] Anderson has a Master of Business Administration from Stanford University and has invested in companies founded by Stanford alumni including Kevin Systrom and Mike Krieger of Instagram; Katrina Lake of Stitch Fix; and Jeff Seibert of Crashlytics.[15][16][17][18]
Acquisitions and investments
Baseline Ventures has invested in software and web companies that include Instagram, Weebly, OMGPop, ExactTarget and Heroku.[19][20] Instagram was acquired by Facebook for $1 billion in 2012.[21] Later that year, Baseline-backed OMGPop was acquired by Zynga for approximately $200 million.[9] Salesforce.com acquired Heroku for $212 million in 2010.[22]
- Instagram (acquired by Facebook)[21]
- Parakey (acquired by Facebook)[23]
- Heroku (acquired by Salesforce.com)[22]
- ExactTarget (acquired by Salesforce.com)[20][24]
- GoInstant (acquired by Salesforce.com)[25]
- CoTweet (acquired by ExactTarget and later Salesforce.com)[26]
- Smyte (acquired by Twitter)[27]
- Crashlytics (acquired by Twitter)[28]
- TellApart (acquired by Twitter)[29]
- GeoAPI (acquired by Twitter)[30][31]
- Pocket (acquired by Mozilla)[32]
- Iron.io (acquired by Xenon Ventures)[33]
- Soma (acquired by Full Circle)[34]
- Trialpay (acquired by Visa)[35]
- Datalot (acquired by Lightyear Capital)[36]
- Appuri (acquired by DocuSign)[37]
- Apiary (acquired by Oracle)[38]
- Bloc (acquired by Thinkful)[39]
- Stackmob (acquired by PayPal)[40]
- Aardvark (acquired by Google)[41]
- LaunchKit (acquired by Google)[42]
- DocVerse (acquired by Google)[43]
- YardBarker (acquired by Fox Sports)[44][45]
- Kanjoya (acquired by Ultimate Software)[46]
- Librato (acquired by SolarWinds)[47]
- Blekko (acquired by IBM)[48]
- Indextank (acquired by LinkedIn)[49]
- Rupture (acquired by Electronic Arts)[50]
- Sendori (acquired by Ask.com)[51]
- Versely (acquired by Cisco)[52]
- OMGPop (acquired by Zynga)[9]
- Xobni (acquired by Yahoo!)[53]
- Careport (acquired by Allscripts)[54]
- Metaresolver (acquired by Millennial Media)[55]
- TaskRabbit (acquired by IKEA)[56]
- Weebly (acquired by Square)[6]
- BookFresh (acquired by Sugar Media)[57][58]
- Cake Financial (acquired by E*Trade)[59][60]
- ScanScout (acquired by Tremor Media)[61]
- StaxNetworks (acquired by CloudBees)[62]
- Hunch (acquired by eBay)[14]
- Instructables (acquired by Autodesk)[63]
- Flowtown (acquired by DemandForce)[64]
- TastemakerX (acquired by Rdio)[65]
- Citrus Lane (acquired by Care.com)[66]
References
- ↑ Amir Efrati (July 29, 2013). "Former Google, Twitter Execs Launch 'Homebrew' Venture Firm". Wall Street Journal. Retrieved October 1, 2013.[permanent dead link]
- ↑ Matt Rosoff (April 10, 2012). "Instagram's First Investor Explains What He Looks For In Companies". Business Insider. Archived from the original on October 23, 2013. Retrieved October 1, 2013.
- ↑ Shayndi Raice; Spencer E. Ante (April 10, 2012). "Facebook to Acquire App Firm Instagram". Wall Street Journal. Retrieved October 1, 2013.
- ↑ Steven Bertoni (August 1, 2012). "Instagram's Kevin Systrom: The Stanford Billionaire Machine Strikes Again". Forbes. Archived from the original on October 4, 2013. Retrieved October 1, 2013.
- ↑ "Twitter Investor Isn't Sweating Revenue". New York Times. May 15, 2009. Archived from the original on April 13, 2015. Retrieved October 1, 2013.
- 1 2 Mac, Ryan. "How Instagram's First Investor Steve Anderson Struck Gold As A One-Man Deal Machine". Forbes. Archived from the original on 2018-11-10. Retrieved 2018-11-10.
- ↑ "Top Venture Capital Firms in Wyoming | TRUiC". Startupsavant.com. 2023-10-26. Retrieved 2024-03-13.
- ↑ Irving, Fraser (March 15, 2018). "Steve Anderson's Baseline Ventures back fundraising after 10 years". AltAssets Private Equity News. Archived from the original on November 10, 2018. Retrieved November 10, 2018.
- 1 2 3 4 "2012 Businessperson of the Year". CNN Money. Archived from the original on October 4, 2013. Retrieved October 1, 2013.
- ↑ "Steve Anderson". Forbes. Archived from the original on 2017-01-01. Retrieved 2018-11-10.
- ↑ Geron, Tomio. "The Top Ten In Venture Capital Today - Midas List". Forbes. Archived from the original on 2018-11-10. Retrieved 2018-11-10.
- ↑ roidna.com, ROIDNA. "Founder". Baseline Ventures. Archived from the original on 2018-11-10. Retrieved 2018-11-10.
- 1 2 Tanya Prive (October 23, 2012). "Venture Capitalists Every Startup Should Know". Forbes. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- 1 2 "Steve Anderson Profile". Forbes. Archived from the original on September 21, 2013. Retrieved October 1, 2013.
- ↑ Lorraine Sanders (May 14, 2012). "Stitch Fix's Katrina Lake on Fashion-Tech, Top Sites & Apps You Need to Use Now". Digital Style Digest. Archived from the original on October 4, 2013. Retrieved October 1, 2013.
- ↑ Colleen Taylor (February 28, 2013). "Stitch Fix Gets $4.75M Series A To Scale Out Its Tech-Enabled Personal Shopping Service". TechCrunch. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- ↑ Sarah Perez (October 13, 2011). "Crashlytics, A Crash-Reporting Solution For Mobile Developers, Raises $1 Million". TechCrunch. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- ↑ Kyle Psaty (March 28, 2013). "Crashlytics takes on Apple, tackles 'big data' problems with rockstar software developers". Boston. Archived from the original on August 17, 2022. Retrieved October 1, 2013.
- ↑ "(Founder Stories) Baseline's Steve Anderson: "The Signaling Issue Is Real"". TechCrunch. October 26, 2011. Archived from the original on August 17, 2022. Retrieved October 1, 2013.
- 1 2 Scott Austin (March 3, 2010). "The Daily Start-Up: ExactTarget Is All-A-Twitter". Wall Street Journal. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- 1 2 Somini Sengupta (April 13, 2012). "Behind Instagram's Success, Networking the Old Way". New York Times. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- 1 2 Robin Wauters (December 8, 2010). "Salesforce.com Buys Heroku For $212 Million In Cash". TechCrunch. Archived from the original on April 5, 2011. Retrieved October 1, 2013.
- ↑ Matt Marshall (July 19, 2007). "Facebook's first acquisition: secretive start-up Parakey". VentureBeat. Archived from the original on May 21, 2018. Retrieved October 1, 2013.
- ↑ Alex Williams (July 15, 2013). "Salesforce.com Takes $300M Loan For ExactTarget Acquisition, Cash Resources Getting Tight". TechCrunch. Archived from the original on August 17, 2022. Retrieved October 1, 2013.
- ↑ "Salesforce.com to Buy GoInstant". Wall Street Journal. July 9, 2012. Archived from the original on August 17, 2022. Retrieved October 1, 2013.
- ↑ Robin Wauters (March 2, 2010). "ExactTarget Buys CoTweet, Sets Up "Social Media Lab" In San Francisco". TechCrunch. Archived from the original on October 4, 2013. Retrieved October 1, 2013.
- ↑ "Twitter acquires anti-abuse technology provider Smyte". TechCrunch. 21 June 2018. Archived from the original on 2018-12-03. Retrieved 2018-12-07.
- ↑ Curt Woodward (January 28, 2013). "Twitter Buys Crashlytics, Getting Crash-Report Chops". Xconomy. Archived from the original on September 22, 2013. Retrieved October 1, 2013.
- ↑ "Venture-backed US technology start-up accepts $533m Twitter bid". www.fnlondon.com. Archived from the original on 2018-12-09. Retrieved 2018-12-07.
- ↑ Yuliya Chernova; Lizette Chapman (17 September 2013). "Twitter's Bandwagon Investors: The Others Poised to Profit on IPO Day". Wall Street Journal. Archived from the original on 5 October 2013. Retrieved October 1, 2013.
- ↑ Paul McDougall (December 24, 2009). "Twitter Acquires GeoAPI Creator Mixer Labs". InformationWeek Security. Archived from the original on October 12, 2013. Retrieved October 1, 2013.
- ↑ Jeffries, Adrianne (2012-07-19). "Pocket, the app formerly known as Read It Later, becomes a destination for 6 million users". The Verge. Archived from the original on 2018-12-09. Retrieved 2018-12-07.
- ↑ "Iron.io Raises $8M Series A Round For Its Enterprise Cloud Infrastructure Services". TechCrunch. 16 September 2015. Archived from the original on 2018-12-09. Retrieved 2018-12-07.
- ↑ Dickey, Megan Rose. "Meet The 52 Hottest New Stars In Silicon Valley". Business Insider. Archived from the original on 2018-12-09. Retrieved 2018-12-07.
- ↑ "Trialpay CEO Takes Post at Andreessen Horowitz". www.bizjournals.com. Archived from the original on 2022-08-17. Retrieved 2018-12-07.
- ↑ "Yahoo | Mail, Weather, Search, Politics, News, Finance, Sports & Videos". www.yahoo.com. Archived from the original on 2018-12-09. Retrieved 2018-12-07.
- ↑ "Top investor Steve Anderson leads $2.25M investment for customer behavior predictor Appuri". GeekWire. 2016-06-28. Archived from the original on 2022-08-17. Retrieved 2018-12-07.
- ↑ FinSMEs (2015-08-18). "Apiary Completes $6.8M Series A Funding". FinSMEs. Archived from the original on 2022-08-17. Retrieved 2018-12-07.
- ↑ "Bloc Raises $6 Million Series A Round Led by Shasta Ventures". finance.yahoo.com. 18 November 2014. Archived from the original on 2022-08-17. Retrieved 2018-12-07.
- ↑ "Xconomy: StackMob Stacks Up $7.5M". Xconomy. 2011-05-16. Archived from the original on 2018-12-09. Retrieved 2018-12-07.
- ↑ Liz Gannes (February 11, 2010). "Google Buys Aardvark for $50M". Gigaom. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- ↑ "LaunchKit team heads to Google and open-sources its tools for helping devs launch their apps". TechCrunch. 27 July 2016. Archived from the original on 2018-12-09. Retrieved 2018-12-07.
- ↑ Liz Gannes (March 5, 2010). "Google Grabs DocVerse, aka Google Docs for Microsoft Office". Gigaom. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- ↑ "Yardbarker raises $6 million". San Francisco Business Times. April 3, 2008. Archived from the original on October 7, 2013. Retrieved October 1, 2013.
- ↑ Eric Young (January 18, 2013). "Blogging sites grab lead in sports media game". San Francisco Business Times. Archived from the original on October 7, 2013. Retrieved October 1, 2013.
- ↑ "Armen Berjikly- Who You Know or What You Know in Sales?". priceofbusiness.com. 11 June 2014. Archived from the original on 2018-12-09. Retrieved 2018-12-07.
- ↑ "Solarwinds Snaps Up Librato for 40". www.bizjournals.com. Archived from the original on 2018-05-10. Retrieved 2018-12-07.
- ↑ "Steve Anderson's Baseline Ventures to raise Baseline Ventures 1819". PE Hub. 2018-03-14. Retrieved 2018-12-07.[permanent dead link]
- ↑ Jon Xavier (October 14, 2011). "LinkedIn acquires hosted search company IndexTank". Silicon Valley Business Journal. Archived from the original on October 7, 2013. Retrieved October 1, 2013.
- ↑ Erick Schonfeld (May 8, 2008). "Shawn Fanning Finally Gets A Real Payday: Electronic Arts Buys Rupture For $30 Million". TechCrunch. Archived from the original on October 4, 2013. Retrieved October 1, 2013.
- ↑ Robin Wauters (January 22, 2009). "IAC's Ask.com Acquires Domain Name Monetizer Sendori". TechCrunch. Archived from the original on September 29, 2013. Retrieved October 1, 2013.
- ↑ "Social Finance Raises $77 Million to Address Student Loan Crisis". SoFi. 2012-09-11. Archived from the original on 2017-07-06. Retrieved 2018-12-07.
- ↑ Kara Swisher (July 3, 2013). "Yahoo Acquires Xobni for Upward of $30 Million". All Things D. Archived from the original on October 4, 2013. Retrieved October 1, 2013.
- ↑ "Xconomy: CarePort Health Gets $2.2M to Aid Patients After Hospital Visits". Xconomy. 2015-06-01. Archived from the original on 2018-12-09. Retrieved 2018-12-07.
- ↑ John McDermott (February 11, 2013). "Millennial Media In Talks to Acquire Mobile Ad Buying Platform Metaresolver". Ad Age. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- ↑ "TaskRabbit Gets $13M From Founders Fund And Others To "Revolutionize The World's Labor Force"". TechCrunch. 23 July 2012. Archived from the original on 2018-12-09. Retrieved 2018-12-07.
- ↑ Anthony Ha (July 28, 2009). "BookFresh raises $500K more to help you schedule everything online". Venture Beat. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- ↑ Kara Swisher (June 1, 2009). "Sugar Media Say Buh-Bye to NBC Universal–Raises $16 Million From Sequoia Capital, Buys Shopflick and More". All Things D. Archived from the original on October 4, 2013. Retrieved October 1, 2013.
- ↑ Rebecca Buckman (August 21, 2007). "Investors to Web Start-Ups: Where's the Advertising?". Wall Street Journal. Retrieved October 1, 2013.
- ↑ Luke Stangel (July 22, 2013). "Dropbox acquires loyalty startup Endorse, immediately shuts it down". Silicon Valley Business Journal. Archived from the original on September 29, 2013. Retrieved October 1, 2013.
- ↑ Wade Roush (November 8, 2010). "Web Video Ad Startups ScanScout, Tremor Media Join Forces in Challenge to Hulu, YouTube". Xconomy. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- ↑ Robin Wauters (December 14, 2010). "CloudBees Acquires Java Platform-as-a-Service Company Stax Networks". TechCrunch. Archived from the original on September 28, 2013. Retrieved October 1, 2013.
- ↑ Wade Roush (August 1, 2011). "Autodesk Buys Instructables; Design Software Giant in Consumer Marketing Push". Xconomy. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- ↑ Alexia Tsotsis (October 13, 2011). "Marketing Startup Flowtown Gets Swooped Up By Demandforce". TechCrunch. Archived from the original on September 28, 2013. Retrieved October 1, 2013.
- ↑ "A business model emerges for TastemakerX, the digital game for music snobs". Pando. 2013-03-07. Archived from the original on 2018-12-09. Retrieved 2018-12-07.
- ↑ Shontell, Alyson; Borison, Rebecca. "The Silicon Valley Investors Who Actually Support Women In Tech — And Those Who Don't". Business Insider. Archived from the original on 2018-12-09. Retrieved 2018-12-07.