- When it comes to investment banking, there are few firms as well-known as Goldman Sachs.
- But despite its reputation, Goldman has had trouble breaking into the tech industry.
- That may be about to change with the launch of its new Postscript 35M Series investment fund, which is being led by one of the most respected figures in the tech world, Michael Kumparak.
In his postscript series, Greylock partner David Kumparak takes a look at the top 35 companies in the technology space. In this edition, he turns his attention to Greylock portfolio company TechCrunch.
Founded in 2005, TechCrunch is a leading technology media property, dedicated to obsessively profiling startups, reviewing new Internet products, and breaking tech news.
35m Series Greylock: Kumparak Techcrunch
- In 2011, Greylock Partners invested $35 million in a startup called Techcrunch. The company was founded by entrepreneur Michael Arrington and provides a platform for tech-related news and analysis.
- Since then, Techcrunch has become one of the most popular tech blogs on the internet, with millions of readers each month.
In the summer of 2007, a small team of entrepreneurs set out to raise money for a new startup. They had an idea for a social networking site, but they didn’t have much to show for it. In the fall, they managed to raise $3 million from a group of investors, including Greylock Partners and Kumparak Ventures. The site, which was called TechCrunch, launched in early 2008.
35m series greylock kumparak postscript
- On August 5th, Greylock Partners announced a $35 million Series A investment in TechCrunch. The deal was led by John Lester with David Sze, Aydin Senkut, and Josh Elman joining the round.
- The investment comes as TechCrunch continues to build out its business with new products and services, including CrunchBase, Events, and Jobs.
Postscript 35m Series Greylock: Kumparak Techcrunch
- Andreessen Horowitz-backed Postscript, which provides a platform for businesses to automate their customer communication, announced today that it has raised $35 million in Series B funding.
- The round was led by Greylock Partners, with participation from existing investors Accel and Y Combinator.
- This brings Postscript’s total funding to $54 million.