Baseline Ventures
![]() | |
Company type | Private |
---|---|
Industry | Private equity |
Founded | 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] They also do commercial representation of some athletes.[9][10][11]
The company's founder and Managing Partner, Steve Anderson, was recognized on Fortune's 2012 list of "50 Businesspeople of the Year"[12] and included on the Forbes Midas List from 2012 to 2020.[13][14][15]
History
[edit]Anderson founded Baseline in 2006.[12][16] He previously worked for Kleiner Perkins Caufield & Byers, Microsoft, eBay and Starbucks.[16][17] 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.[18][19][20][21]
Acquisitions and investments
[edit]Baseline Ventures has invested in software and web companies that include Instagram, Weebly, OMGPop, ExactTarget and Heroku.[22][23] Instagram was acquired by Facebook for $1 billion in 2012.[24] Later that year, Baseline-backed OMGPop was acquired by Zynga for approximately $200 million.[12] Salesforce.com acquired Heroku for $212 million in 2010.[25]
- Instagram (acquired by Facebook)[24]
- Parakey (acquired by Facebook)[26]
- Heroku (acquired by Salesforce.com)[25]
- ExactTarget (acquired by Salesforce.com)[23][27]
- GoInstant (acquired by Salesforce.com)[28]
- CoTweet (acquired by ExactTarget and later Salesforce.com)[29]
- Smyte (acquired by Twitter)[30]
- Crashlytics (acquired by Twitter)[31]
- TellApart (acquired by Twitter)[32]
- GeoAPI (acquired by Twitter)[33][34]
- Pocket (acquired by Mozilla)[35]
- Iron.io (acquired by Xenon Ventures)[36]
- Soma (acquired by Full Circle)[37]
- Trialpay (acquired by Visa)[38]
- Datalot (acquired by Lightyear Capital)[39]
- Appuri (acquired by DocuSign)[40]
- Apiary (acquired by Oracle)[41]
- Bloc (acquired by Thinkful)[42]
- Stackmob (acquired by PayPal)[43]
- Aardvark (acquired by Google)[44]
- LaunchKit (acquired by Google)[45]
- DocVerse (acquired by Google)[46]
- YardBarker (acquired by Fox Sports)[47][48]
- Kanjoya (acquired by Ultimate Software)[49]
- Librato (acquired by SolarWinds)[50]
- Blekko (acquired by IBM)[51]
- Indextank (acquired by LinkedIn)[52]
- Rupture (acquired by Electronic Arts)[53]
- Sendori (acquired by Ask.com)[54]
- Versely (acquired by Cisco)[55]
- OMGPop (acquired by Zynga)[12]
- Xobni (acquired by Yahoo!)[56]
- Careport (acquired by Allscripts)[57]
- Metaresolver (acquired by Millennial Media)[58]
- TaskRabbit (acquired by IKEA)[59]
- Weebly (acquired by Square)[6]
- BookFresh (acquired by Sugar Media)[60][61]
- Cake Financial (acquired by E*Trade)[62][63]
- ScanScout (acquired by Tremor Media)[64]
- StaxNetworks (acquired by CloudBees)[65]
- Hunch (acquired by eBay)[17]
- Instructables (acquired by Autodesk)[66]
- Flowtown (acquired by DemandForce)[67]
- TastemakerX (acquired by Rdio)[68]
- Citrus Lane (acquired by Care.com)[69]
References
[edit]- ^ 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.
- ^ a b 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.
- ^ Bureau, Adgully (5 August 2022). "Mayank Agarwal signs Baseline Ventures for commercial representation". www.adgully.com. Retrieved 2022-09-10.
{{cite web}}
:|last=
has generic name (help) - ^ Bureau, BL New Delhi (2022-03-21). "Lakshya Sen inks commercial representation deal with Baseline Ventures". www.thehindubusinessline.com. Retrieved 2022-09-10.
{{cite web}}
:|last=
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- ^ roidna.com, ROIDNA. "Founder". Baseline Ventures. Archived from the original on 2018-11-10. Retrieved 2018-11-10.
- ^ a b Tanya Prive (October 23, 2012). "Venture Capitalists Every Startup Should Know". Forbes. Archived from the original on October 5, 2013. Retrieved October 1, 2013.
- ^ a b "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.
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- ^ "(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.
- ^ a b 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.
- ^ a b 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.
- ^ a b 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.
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- ^ "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.
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- ^ "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.
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