Shasta Ventures braves new world, raises $250M more

October 31, 2007 | Matt Marshall

Shasta Ventures, a Silicon Valley (Menlo Park, Calif.) venture capital firm, has raised another $250 million fund to continue early-stage investing in technology companies.

Limited partners in the fund are primarily returning investors from Shasta’s first fund. Shasta is one of a handful of new venture firms to have launched after the pop of the Internet bubble and then survived.
It began investing its first fund of $210 million in early 2005, and has made 22 investments to date.
It has focused on consumer internet, mobile and wireless, and software and infrastructure. Its investments include Doostang (job site), Arch Rock (sensor networking), Eye-Fi (wireless photography), SayNow (voice and text services), Mint (online personal finance services), Lithium (hosted community services) and Turn (automated advertising platform).

To date, two Shasta portfolio companies have been acquired: Logoworks (acquired by HP) and iConclude (acquired by Opsware), but its too early to tell whether its first fund will be profitable because most of its companies are still private.
The investment team at Shasta Ventures includes Robert T. Coneybeer, Tod H. Francis, Ravi Mohan and Jason Pressman in addition to CFO Austin Grose.

The firm will begin investing the new money next year.

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About the Author, Matt Marshall

Matt launched VentureBeat in September of 2006, with the realization that no one else was covering the entrepreneurial and tech innovation scene with the velocity or depth that he was. Prior to founding VentureBeat, he covered venture capital for the San Jose Mercury News from 2001 to 2006. In 2002, Matt was awarded "Journalist of the Year" by the Northern California Society of Professional Journalists. Prior to working at the Merc, he was a correspondent for the Wall Street Journal in Bonn, Germany from 1995 to 1998, and a writer for the Washington Post in 1994. Matt holds a PhD in Government and an MA in German and European Studies from Georgetown University. In addition to VentureBeat, Matt is also the Executive Producer of DEMO, the leading launchpad event for emerging technologies.

http://venturebeat.com/2011/07/15/shasta-ventures-sec/ Shasta Ventures pools a $200M fund, invests with Google Ventures and KP | VentureBeat

[...] This is a pooled investment fund, with the form citing Rob Coneybeer, Tod Francis, and Jason Pressman as involved in the pool. The company pooled its first fund in 2005 when it started investing $210 million. In 2007, Shasta raised a $250 million fund for investments in technology. [...]