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词条 Spark Capital
释义

  1. History

  2. Team

  3. Investment approach

  4. Companies

     Twitter  Tumblr  Foursquare  Oculus  Cruise   Pendo   Niantic 

  5. References

  6. External links

{{advert|date=November 2018}}{{Infobox company |
  logo   = Spark Capital logo.jpg |  name   = Spark Capital |  type   = Private |  foundation     = 2005 |  location       = Boston, Massachusetts, United States & San Francisco, California, United States |  industry       = Private equity |  products       = Venture capital |  assets         = |  homepage       = {{URL|sparkcapital.com}} |  num_employees  = |

}}Spark Capital is a venture capital in the United States, responsible for early stage funding of numerous successful startups including [1] Twitter, Tumblr, Oculus, Warby Parker, Cruise, Slack, and others.[2] It has branches in Boston, San Francisco, and New York City.[3]

History

Spark Capital was launched in 2005 by Paul Conway, Santo Politi, and Todd Dagres.[3][3][6] They have raised five early stage funds, and two growth funds.

  • The first fund, for $265 million, was raised in 2005.[3][3]
  • The second fund, for $360 million, was raised in 2008.[3][3]
  • The third fund, for $360 million, was raised in 2010.[3][3]
  • The fourth fund, for $450 million, was raised in 2013 and its closure was announced in late February.[4] Partner Bijan Sabet told TechCrunch that this brought Spark Capital's money under management to $3 billion.[5]
  • The fifth fund, for $400 million, was raised in 2016.[15]

Spark Capital also raised two Growth funds.

  • The first Growth fund, for $375 million, was raised in 2014.[6]
  • The second Growth fund, for $600 million, was raised in 2016.[7]

Team

Spark Capital was founded in 2005 by Bijan Sabet, Paul Conway, Santo Politi, and Todd Dagres. Other people who have joined the company since its inception include Megan Quinn, Kevin Thau, Jeremy Philips, and Nabeel Hyatt.[8]

Investment approach

According to a Forbes article, Spark Capital's success can be attributed to maintaining focus specifically on technology startups in the media, entertainment, and mobile sectors. Further, information-sharing within the company was organized so that all partners can work with a portfolio company, not just the partner assigned to that company.[3]

Spark Capital has been known for co-investing with Union Square Ventures. In fact, many of Spark Capital's top picks, including Twitter, Tumblr, and Foursquare, were made via partner Bijan Sabet and were joint investments with Union Square Ventures, made by partner Fred Wilson.[9][10][11][12] Other firms with which Spark frequently co-invests include SV Angel, Lerer Hippeau Ventures, and First Round Capital.[9]

Sabet says that Spark Capital's portfolio companies do not use non-compete agreements, which he says have been a key factor in limiting startup growth in New York and Boston.[13]

Companies

Twitter

Bijan Sabet, partner at Spark Capital, invested in Twitter's second (Series B) round in June 2008, along with Jeff Bezos and additional investments from past investors such as Fred Wilson of Union Square Ventures, and Sabet also accepted a board seat at Twitter.[14] According to Hatching Twitter, Sabet and Fred Wilson played a crucial role in facilitating smooth leadership changes at Twitter in October 2008 and later October 2010—ousting Jack Dorsey to install Evan Williams in 2008, and ousting Williams to install Dick Costolo in 2010.[15]

In November 2013, shortly after Twitter's IPO, Sabet wrote a blog post expressing his gratitude to Twitter, both as an investor and as a user of the service.[16] A Forbes article about Spark Capital quoted Sabet as attributing Spark Capital's success to the fact that the partners themselves used the products of the companies they invested in (such as Twitter) enabling them to better understand the companies from the perspective of consumers.[3]

Tumblr

Spark Capital was one of the early investors in Tumblr, where they co-invested with Union Square Ventures, paying the same amount for the same share, with Bijan Sabet as the assigned partner from Spark Capital.[30][17] Following the sale of Tumblr to Yahoo! for $1.1 billion USD, Spark Capital and Union Square Ventures each took home $192 million from the deal.[18][19][20]

Foursquare

Spark Capital has invested in multiple rounds of location-based social networking company Foursquare, starting in June 2011.[21][22]

Oculus

Spark capital invested in Oculus in both Series A and Series B funding rounds, which was subsequently sold to Facebook for an estimated $2 billion.[23][24] The company's General Partner Santo Politi joined the board of directors.

Cruise

Spark capital invested in Cruise in the Series A funding rounds, the company's General Partner Nabeel Hyatt joining the board of directors.[25]

Pendo

In December 2016, Spark Capital led a series B funding round for Pendo, a platform driven by data{{clarify|date=December 2017}} that helps companies deliver experiences with respect to software.{{clarify|date=December 2017}} This was in collaboration with Salesforce Ventures, Core Capital Partners, Battery Ventures, IDEA Fund Partners, and Contour Venture Partners. The company's General Partner Megan Quinn joined the board of directors.[26]

Niantic

Spark Capital led a Series B funding round for Niantic, a software development company which developed augmented reality mobile games Pokémon Go and Ingress on November 2017. As part of the $200 million funding deal, Spark's partner Megan Quinn joined Niantic's board.[27]

References

1. ^{{cite web|url=http://www.sparkcapital.com/about/|title = About: Who We Are|publisher = Spark Capital|accessdate = January 24, 2014}}
2. ^{{cite web|url = http://www.sparkcapital.com/portfolio/|title = Portfolio|publisher = Spark Capital|accessdate = January 24, 2014|deadurl = yes|archiveurl = https://web.archive.org/web/20140203012529/http://www.sparkcapital.com/portfolio/|archivedate = February 3, 2014|df = }}
3. ^{{cite web|url=https://www.forbes.com/sites/tomiogeron/2012/09/10/how-spark-capital-invested-in-hot-startups-like-twitter-tumblr-foursquare/|title = How Spark Capital Invested In Hot Startups Like Twitter, Tumblr, Foursquare|last = Geron|first= Tomio|date = September 10, 2012|accessdate = January 23, 2014|publisher = Forbes}}
4. ^{{cite web|url=https://techcrunch.com/2013/02/25/boston-based-vc-firm-and-early-twitter-investor-spark-capital-raises-450m-for-fourth-fund/|title = Boston-Based VC Firm And Early Twitter Investor Spark Capital Raises $450M For Fourth Fund|last = Rao|first = Leena|date = February 25, 2013|accessdate = January 24, 2014}}
5. ^http://www.sparkcapital.com/about/
6. ^{{cite web|url=https://blogs.wsj.com/venturecapital/2014/11/06/spark-capitals-new-growth-fund-aims-to-catch-the-ones-that-got-away/|title = Spark Capital’s New Growth Fund Aims to Catch the Ones That Got Away|last = Basich|first = Zoran|date = November 6, 2014|accessdate = April 26, 2017}}
7. ^{{cite web|url=https://techcrunch.com/2016/11/14/spark-capital-suddenly-has-1-billion-to-invest/|title = Spark Capital suddenly has $1 billion to invest|last = Loizos|first = Connie|date = November 14, 2016|accessdate = April 26, 2017}}
8. ^{{cite web|url=http://www.sparkcapital.com/team|title = Team|publisher = Spark Capital|accessdate = January 24, 2014}}
9. ^{{cite web|url=http://www.cbinsights.com/blog/trends/spark-capital-union-square-ventures|title = Spark Capital and Union Square Ventures – So Happy Together: While USV and Spark are obviously BFFs, who else most frequently co-invests alongside these firms?|publisher = CB Insights|date = May 23, 2013|accessdate = January 24, 2014}}
10. ^{{cite web|url=https://techcrunch.com/2013/09/13/ask-a-vc-early-twitter-investor-and-spark-capital-partner-bijan-sabet-on-founder-personality-investment-syndicates-and-more/|title = Ask A VC: Early Twitter Investor And Spark Capital Partner Bijan Sabet On Founder Personality, Investment Syndicates And More|last = Rao|first = Leena|date = September 13, 2013|accessdate = January 24, 2014|publisher = TechCrunch}}
11. ^{{cite web|url=http://www.pehub.com/2013/05/union-square-spark-capital-ventures-new-power-couple-2/|title = Union Square & Spark Capital: Venture’s New Power Couple?|last = Glasner|first = Joanna|date = May 22, 2013|accessdate = January 24, 2014|publisher = peHUB}}
12. ^{{cite web|url=http://www.avc.com/a_vc/2009/03/coinvestors.html|title = Co-investors|publisher = A VC|last = Wilson|first = Fred|authorlink = Fred Wilson (financier)|date = March 31, 2009|accessdate = January 24, 2014}}
13. ^{{cite news|url=http://betaboston.com/news/2014/07/11/bijan-sabet-on-spark-capitals-noncompetes-approach-our-companies-dont-have-them/|title = Bijan Sabet on Spark Capital’s noncompetes approach: Our companies don’t have them|last = Keohane|first =Dennis|date = July 11, 2014|accessdate = July 11, 2014|publisher = BetaBoston}}
14. ^{{cite web|url=https://blog.twitter.com/2008/welcoming-bijan-and-jeff|title = Welcoming Bijan and Jeff|date = June 24, 2008|accessdate = January 24, 2014|publisher = Twitter blog|last = Stone|first = Biz|authorlink = Biz Stone}}
15. ^{{cite book|title = Hatching Twitter|last = Bilton|first = Nick}}
16. ^{{cite web|url=http://bijansabet.com/post/66269786437/thank-you-twitter|title = Thank You, Twitter.|last = Sabet|first = Bijan|date = November 7, 2013|accessdate = January 24, 2014}}
17. ^{{cite web|url=https://techcrunch.com/2010/04/20/tumblr-funding/|title = Union Square, Spark Capital Double Tumblr's Funding To $10 Million|last = Wauters|first = Robin|date = April 20, 2010|accessdate = January 24, 2014|publisher = TechCrunch}}
18. ^{{Cite web|url=http://www.businessinsider.com/early-tumblr-investors-usv-and-spark-capital-got--192-million-each-from-yahoo-sale-2013-5|title = Early Tumblr Investors USV And Spark Capital Got ~ $192 Million Each From Yahoo Sale|last = Shontell|first = Alyson|date = May 22, 2013|accessdate = January 24, 2014|publisher = Business Insider}}
19. ^{{cite web|url=https://www.forbes.com/sites/petercohan/2013/05/20/interview-with-tumblr-investor-spark-capital/|title = Interview With Tumblr Investor, Spark Capital|last = Cohan|first = Peter|date = May 20, 2013|accessdate = January 24, 2014|publisher = Forbes}}
20. ^{{cite web|url=https://www.bostonglobe.com/business/2013/05/20/boston-spark-capital-wins-big-tumblr-deal/pwQWLtqavcL0Mpb8XxVRPO/story.html|title = Sale of Tumblr set to deliver big payday for Spark|last = Farrell|first = Michael |work= Boston Globe |date = May 21, 2013|accessdate = January 24, 2014}}
21. ^{{Cite web|url=https://online.wsj.com/news/articles/SB10001424052702304231204576406173652900288|title = Foursquare Raises Venture Capital|last = Ante|first = Spencer|date = June 25, 2011|accessdate = January 24, 2014|publisher = Wall Street Journal}}
22. ^{{cite web|url=https://techcrunch.com/2012/02/29/foursquare-is-doing-big-things-so-existing-investor-spark-capital-buys-50m-of-employee-stock/|title = Foursquare Is Doing Big Things, So Existing Investor Spark Capital Buys $50M Of Employee Stock|last = Eldon|first = Eric|date = February 29, 2012|accessdate = January 24, 2014|publisher = TechCrunch}}
23. ^https://www.crunchbase.com/organization/oculus-vr#/entity
24. ^https://blogs.wsj.com/venturecapital/2014/03/25/facebook-buys-oculus-latest-win-for-hot-venture-firm-spark-capital/
25. ^https://www.google.com/search?q=cruise+spark+capital&rlz=1C5CHFA_enUS503US505&oq=cruise+spark+capital&aqs=chrome..69i57j69i60.2618j0j7&sourceid=chrome&ie=UTF-8
26. ^http://www.martechadvisor.com/news/web-mobile-analytics/pendo-raises-20-million-in-a-series-b-funding/
27. ^{{cite news|last1=Etherington|first1=Darrell|title=Pokémon Go creator raises $200 million ahead of Harry Potter game launch|url=https://techcrunch.com/2017/11/24/pokemon-go-creator-raises-200-million-ahead-of-harry-potter-game-launch/|accessdate=November 25, 2017|work=TechCrunch|date=24 November 2017|language=en}}

External links

  • {{Official website|http://www.sparkcapital.com}}
  • {{CrunchBase|spark-capital}}

1 : Venture capital firms of the United States

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