Sutter Hill Ventures is an Americanprivate equity firm focused onventure capital investments in technology-based start-up companies. Founded in 1964, Sutter Hill is one of the oldest venture capital firms still in operation.[1] Based inPalo Alto, CA, the firm is primarily focused on investments in the fields of networking and computer technology, business and financial services, healthcare, web development, and pop culture, and have been known to invest inangel funds.[2]
 | |
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 1964; 61 years ago (1964) |
| Founder |
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| Headquarters | Palo Alto, California, U.S. |
| Products | Investments |
| Website | www |
History
editSutter Hill Ventures was founded in 1964 byBill Draper and Paul Wythes. It began as an off-shoot of a real estate firm and was licensed as aSmall Business Investment Company.[3] The firm was an early investor in companies includingQume, a maker of disk drives and printers acquired in 1978 byITT, andDiablo Systems, a pioneer of daisy-wheel printers that was acquired byXerox in 1972. In the 1980s, the firm provided seed money forLSI Logic andBanyan Systems.[1]
Notable Investments
editThe firm has held positions in a number of publicly traded companies, includingRestoration Robotics (HAIR),Pure Storage (PSTG),Mattersight (MATR),Forty Seven (FTSV),Threshold Pharmaceuticals (THLD),Molecular Templates (MTEM),Cardica (CRDC), andCorcept Therapeutics (CORT).[4] The firm has also incubated and invested inSnowflake Computing (SNOW) which had the record-setting technologyIPO in 2020.[5]
References
edit- ^abArnold, Laurence (5 November 2012)."Paul Wythes, Pioneering Venture Capitalist, Dies at 79".Bloomberg News. Retrieved2 August 2020.
- ^Geron, Tomio."Angel Investors Get Backers of Their Own".Wall Street Journal. Retrieved27 March 2018.
- ^Jane Perry, Mauree."Paul Wythes Interview"(PDF).UC Berkeley Library. Retrieved7 November 2023.
- ^"Sutter Hill Ventures - Latest Holdings". Fintel.io. Retrieved10 October 2019.
- ^Levy, Ari (7 January 2021)."A low-profile investor who bet on Snowflake eight years ago is up more than $12 billion after IPO pop".CNBC.
External links
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