Baseline Ventures

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Baseline Ventures
TypePrivate
IndustryPrivate equity
Founded2006; 16 years ago (2006)
FounderSteve Anderson
Headquarters
San Francisco, California
,
United States
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 San Francisco, California.[7]

The company's founder and Managing Partner, Steve Anderson, was recognized on Fortune's 2012 list of "50 Businesspeople of the Year"[8] and included on the Forbes Midas List from 2012 to 2020.[9][10][11]

History[]

Anderson founded Baseline in 2006.[8][12] He previously worked for Kleiner Perkins Caufield & Byers, Microsoft, eBay and Starbucks.[12][13] 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.[14][15][16][17]

Acquisitions and investments[]

Baseline Ventures has invested in software and web companies that include Instagram, Weebly, OMGPop, ExactTarget and Heroku.[18][19] Instagram was acquired by Facebook for $1 billion in 2012.[20] Later that year, Baseline-backed OMGPop was acquired by Zynga for approximately $200 million.[8] Salesforce.com acquired Heroku for $212 million in 2010.[21]

References[]

  1. ^ Amir Efrati (July 29, 2013). "Former Google, Twitter Execs Launch 'Homebrew' Venture Firm". Wall Street Journal. Retrieved October 1, 2013.[permanent dead link]
  2. ^ Matt Rosoff (April 10, 2012). "Instagram's First Investor Explains What He Looks For In Companies". Business Insider. Retrieved October 1, 2013.
  3. ^ Shayndi Raice; Spencer E. Ante (April 10, 2012). "Facebook to Acquire App Firm Instagram". Wall Street Journal. Retrieved October 1, 2013.
  4. ^ Steven Bertoni (August 1, 2012). "Instagram's Kevin Systrom: The Stanford Billionaire Machine Strikes Again". Forbes. Retrieved October 1, 2013.
  5. ^ "Twitter Investor Isn't Sweating Revenue". New York Times. May 15, 2009. Retrieved October 1, 2013.
  6. ^ a b How Instagram's First Investor Steve Anderson Struck Gold As A One-Man Deal Machine
  7. ^ Steve Anderson's Baseline Ventures back fundraising after 10 years
  8. ^ a b c d "2012 Businessperson of the Year". CNN Money. Retrieved October 1, 2013.
  9. ^ #51 Steve Anderson
  10. ^ The Top Ten In Venture Capital Today - Midas List
  11. ^ Steve Anderson Founder of Baseline Ventures
  12. ^ a b Tanya Prive (October 23, 2012). "Venture Capitalists Every Startup Should Know". Forbes. Retrieved October 1, 2013.
  13. ^ a b "Steve Anderson Profile". Forbes. Retrieved October 1, 2013.
  14. ^ 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.
  15. ^ Colleen Taylor (February 28, 2013). "Stitch Fix Gets $4.75M Series A To Scale Out Its Tech-Enabled Personal Shopping Service". TechCrunch. Retrieved October 1, 2013.
  16. ^ Sarah Perez (October 13, 2011). "Crashlytics, A Crash-Reporting Solution For Mobile Developers, Raises $1 Million". TechCrunch. Retrieved October 1, 2013.
  17. ^ Kyle Psaty (March 28, 2013). "Crashlytics takes on Apple, tackles 'big data' problems with rockstar software developers". Boston. Retrieved October 1, 2013.
  18. ^ "(Founder Stories) Baseline's Steve Anderson: "The Signaling Issue Is Real"". TechCrunch. October 26, 2011. Retrieved October 1, 2013.
  19. ^ a b Scott Austin (March 3, 2010). "The Daily Start-Up: ExactTarget Is All-A-Twitter". Wall Street Journal. Retrieved October 1, 2013.
  20. ^ a b Somini Sengupta (April 13, 2012). "Behind Instagram's Success, Networking the Old Way". New York Times. Retrieved October 1, 2013.
  21. ^ a b Robin Wauters (December 8, 2010). "Salesforce.com Buys Heroku For $212 Million In Cash". TechCrunch. Retrieved October 1, 2013.
  22. ^ Matt Marshall (July 19, 2007). "Facebook's first acquisition: secretive start-up Parakey". VentureBeat. Retrieved October 1, 2013.
  23. ^ Alex Williams (July 15, 2013). "Salesforce.com Takes $300M Loan For ExactTarget Acquisition, Cash Resources Getting Tight". TechCrunch. Retrieved October 1, 2013.
  24. ^ "Salesforce.com to Buy GoInstant". Wall Street Journal. July 9, 2012. Retrieved October 1, 2013.
  25. ^ Robin Wauters (March 2, 2010). "ExactTarget Buys CoTweet, Sets Up "Social Media Lab" In San Francisco". TechCrunch. Retrieved October 1, 2013.
  26. ^ "Twitter acquires anti-abuse technology provider Smyte". TechCrunch. Retrieved 2018-12-07.
  27. ^ Curt Woodward (January 28, 2013). "Twitter Buys Crashlytics, Getting Crash-Report Chops". Xconomy. Retrieved October 1, 2013.
  28. ^ "Venture-backed US technology start-up accepts $533m Twitter bid". www.fnlondon.com. Retrieved 2018-12-07.
  29. ^ Yuliya Chernova; Lizette Chapman. "Twitter's Bandwagon Investors: The Others Poised to Profit on IPO Day". Wall Street Journal. Retrieved October 1, 2013.
  30. ^ Paul McDougall (December 24, 2009). "Twitter Acquires GeoAPI Creator Mixer Labs". InformationWeek Security. Retrieved October 1, 2013.
  31. ^ Jeffries, Adrianne (2012-07-19). "Pocket, the app formerly known as Read It Later, becomes a destination for 6 million users". The Verge. Retrieved 2018-12-07.
  32. ^ "Iron.io Raises $8M Series A Round For Its Enterprise Cloud Infrastructure Services". TechCrunch. Retrieved 2018-12-07.
  33. ^ Dickey, Megan Rose. "Meet The 52 Hottest New Stars In Silicon Valley". Business Insider. Retrieved 2018-12-07.
  34. ^ www.bizjournals.com https://www.bizjournals.com/sanjose/blog/techflash/2015/08/trialpay-ceo-takes-post-at-andreessen-horowitz.html. Retrieved 2018-12-07. {{cite web}}: Missing or empty |title= (help)
  35. ^ www.yahoo.com https://www.yahoo.com/?err=404&err_url=https%3a%2f%2ffinance.yahoo.com%2fnews%2fpetsky-prunier-advises-datalot-investment-173000278.html. Retrieved 2018-12-07. {{cite web}}: Missing or empty |title= (help)
  36. ^ "Top investor Steve Anderson leads $2.25M investment for customer behavior predictor Appuri". GeekWire. 2016-06-28. Retrieved 2018-12-07.
  37. ^ FinSMEs (2015-08-18). "Apiary Completes $6.8M Series A Funding". FinSMEs. Retrieved 2018-12-07.
  38. ^ "Bloc Raises $6 Million Series A Round Led by Shasta Ventures". finance.yahoo.com. Retrieved 2018-12-07.
  39. ^ "Xconomy: StackMob Stacks Up $7.5M". Xconomy. 2011-05-16. Retrieved 2018-12-07.
  40. ^ Liz Gannes (February 11, 2010). "Google Buys Aardvark for $50M". Gigaom. Retrieved October 1, 2013.
  41. ^ "LaunchKit team heads to Google and open-sources its tools for helping devs launch their apps". TechCrunch. Retrieved 2018-12-07.
  42. ^ Liz Gannes (March 5, 2010). "Google Grabs DocVerse, aka Google Docs for Microsoft Office". Gigaom. Retrieved October 1, 2013.
  43. ^ "Yardbarker raises $6 million". San Francisco Business Times. April 3, 2008. Retrieved October 1, 2013.
  44. ^ Eric Young (January 18, 2013). "Blogging sites grab lead in sports media game". San Francisco Business Times. Retrieved October 1, 2013.
  45. ^ "Armen Berjikly- Who You Know or What You Know in Sales?". priceofbusiness.com. Retrieved 2018-12-07.
  46. ^ www.bizjournals.com https://www.bizjournals.com/sanjose/blog/techflash/2015/01/solarwinds-snaps-up-librato-for-40.html. Retrieved 2018-12-07. {{cite web}}: Missing or empty |title= (help)
  47. ^ "Steve Anderson's Baseline Ventures to raise Baseline Ventures 1819". PE Hub. 2018-03-14. Retrieved 2018-12-07.
  48. ^ Jon Xavier (October 14, 2011). "LinkedIn acquires hosted search company IndexTank". Silicon Valley Business Journal. Retrieved October 1, 2013.
  49. ^ Erick Schonfeld (May 8, 2008). "Shawn Fanning Finally Gets A Real Payday: Electronic Arts Buys Rupture For $30 Million". TechCrunch. Retrieved October 1, 2013.
  50. ^ Robin Wauters (January 22, 2009). "IAC's Ask.com Acquires Domain Name Monetizer Sendori". TechCrunch. Retrieved October 1, 2013.
  51. ^ "Social Finance Raises $77 Million to Address Student Loan Crisis". SoFi. 2012-09-11. Retrieved 2018-12-07.
  52. ^ Kara Swisher (July 3, 2013). "Yahoo Acquires Xobni for Upward of $30 Million". All Things D. Retrieved October 1, 2013.
  53. ^ "Xconomy: CarePort Health Gets $2.2M to Aid Patients After Hospital Visits". Xconomy. 2015-06-01. Retrieved 2018-12-07.
  54. ^ John McDermott (February 11, 2013). "Millennial Media In Talks to Acquire Mobile Ad Buying Platform Metaresolver". Ad Age. Retrieved October 1, 2013.
  55. ^ "TaskRabbit Gets $13M From Founders Fund And Others To "Revolutionize The World's Labor Force"". TechCrunch. Retrieved 2018-12-07.
  56. ^ Anthony Ha (July 28, 2009). "BookFresh raises $500K more to help you schedule everything online". Venture Beat. Retrieved October 1, 2013.
  57. ^ 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. Retrieved October 1, 2013.
  58. ^ Rebecca Buckman (August 21, 2007). "Investors to Web Start-Ups: Where's the Advertising?". Wall Street Journal. Retrieved October 1, 2013.
  59. ^ Luke Stangel (July 22, 2013). "Dropbox acquires loyalty startup Endorse, immediately shuts it down". Silicon Valley Business Journal. Retrieved October 1, 2013.
  60. ^ Wade Roush (November 8, 2010). "Web Video Ad Startups ScanScout, Tremor Media Join Forces in Challenge to Hulu, YouTube". Xconomy. Retrieved October 1, 2013.
  61. ^ Robin Wauters (December 14, 2010). "CloudBees Acquires Java Platform-as-a-Service Company Stax Networks". TechCrunch. Retrieved October 1, 2013.
  62. ^ Wade Roush (August 1, 2011). "Autodesk Buys Instructables; Design Software Giant in Consumer Marketing Push". Xconomy. Retrieved October 1, 2013.
  63. ^ Alexia Tsotsis (October 13, 2011). "Marketing Startup Flowtown Gets Swooped Up By Demandforce". TechCrunch. Retrieved October 1, 2013.
  64. ^ "A business model emerges for TastemakerX, the digital game for music snobs". Pando. 2013-03-07. Retrieved 2018-12-07.
  65. ^ Shontell, Rebecca Borison, Alyson. "The Silicon Valley Investors Who Actually Support Women In Tech — And Those Who Don't". Business Insider. Retrieved 2018-12-07.

External links[]

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