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DAG Ventures has made it an investment strategy to provide late stage financing for Kleiner Perkins-funded startups. In fact, of the 30 portfolio companies listed on DAG Ventures' website, 14 are also Kleiner Perkins investments. Another nine are co-investments with Benchmark Capital. One of its biggest successes has been Grouper, the online video startup bought by Sony for $65 million last year. Aside from Stoke, DAG has followed Sequoia into Consentry and Podshow.
Here's a complete rundown on shared investments between DAG Ventures and Kleiner Perkins:
3VR Security
And here is a list of portfolio companies DAG Ventures shares with Benchmark:
Ambarella Those aren't bad co-investors to have. LPs that can't get into Kleiner or Benchmark funds and are looking for late stage exposure should seek out DAG during its next fundraising.
For more on the the Stoke investment, see:
Tags: stoke, vc, kpcb, venture+capital
Comments
From: Jason,
This is a questionable strategy for DAG. Any good deal will draw competition from other firms, unless KP premptively shows it to DAG. However, that will be a disservice to KP and management. Most likely DAG is vacuuming the dubious morsels left on the floor. High price to pay for the KP coinvestor association.
Posted on:
January 25, 2007 8:29 PM
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my question is whether I can strike the same deal with the devil as DAG . . . (although you have to question if KP actively funnel the best deals to DAG or only the ones other VC firms pass up)