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Link to original content: http://en.wikipedia.org/wiki/Baseline_Ventures
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Baseline Ventures

From Wikipedia, the free encyclopedia
Baseline Ventures
Company typePrivate
IndustryVenture Capital
Founded2006; 18 years ago (2006)
FounderSteve Anderson
Headquarters,
Area served
Worldwide
ProductsVenture capital
Websitebaselinev.com

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]

History

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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

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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]

References

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