Mayfield raises $750 million in two funds

Mayfield raises $750 million in two funds

Silicon Valley has a leg of the Mayfield Fund , raised $750 million in two new funds, the company said today.

The venture-capital company, said that his Mayfield XVI will continue to be invested in early-stage companies, while his Mayfield Select II invests in later-stage rounds of breakout portfolio companies. There is a difference in the new Select Fund will invest its ability to in growth-stage companies, the outside of the portfolio. 

Navin Chaddha

In his blog post announcing the new Fund, Mayfield managing partner Navin Chaddha, remembered the schedule of Fund XIII, triggered in September 2008, right after the market crash.

In the Wake of the crisis, Chaddha writes, Mayfield stuck to basic principles. The company decided not to dramatically increase the size of your investment instruments (in contrast to some of his colleagues, which now has several billion under management in current Fund), and held on to a four-year fundraising cycle.

Kleiner Perkins, by contrast, went through a $600 million investment vehicle in about a year and went back to increase on the market, another Fund shortly thereafter.

“We put our belief, as an early-stage venture investor suspended on four subsequent Fund, as a venture industry. We went deeper into the domains, we were already experts vs. the following shiny new objects. We collected money in a measured pace of four years and a team of investors, corporate builders,” Chaddha wrote.

To date, Mayfield has supported, a number of companies to successful exits, including Lyft, Marketo, ServiceMax, and SolarCity — all the deals that came out of the financial crisis of 2008 and the subsequent Fund. Current portfolio companies, such as the CRISPR-focused biotech company, mammoth life Sciences and retail investments, such as PoshMark, show that the company has not lost its luster for picking new offers.

the secret to The company’s continued success is its focus on what Chaddha believes work in accordance with the “craftsman model” of the investors “closely with a handful of entrepreneurs.”

“How many of our colleagues raised mega funds, it has to be the courage and discipline for us, is concentrated, rather than follow the crowd. We raised a similar size Fund every four years and invested in the thirty companies per Fund. We are the led series have first and foremost An investment, and were comfortable with the fact that the companies in which we invest, develop” Chaddha wrote.

So what comes next for the venerable company as it heads into its latest fund? Chaddha flags biology as a technology; human-centered artificial intelligence; the resurgence of chip design; future of work; security and privacy; and next-generation consumer brands as the areas in which Mayfield will look to commit capital.

Released on Thu, 16 Apr 2020 00:03:14 +0000

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