Greylock Partners
| Company type | Private |
|---|---|
| Industry | Venture capital |
| Founded | 1965 in Cambridge, Massachusetts, United States |
| Founder | Bill Elfers, Dan Gregory |
| Headquarters | Silicon Valley , United States |
Area served | Global |
Key people | David Sze, Reid Hoffman, Mustafa Suleyman |
| Products | Early-stage investments in consumer and enterprise software |
Greylock Partners ranks among the earliest venture capital firms, established in 1965, and currently oversees more than $3.5 billion in committed funds. The firm primarily focuses on early-stage investments within the consumer and enterprise software sectors.
History
Founded in 1965 in Cambridge, Massachusetts by Bill Elfers and Dan Gregory, Greylock was soon joined by Charlie Waite. Both Elfers and Waite had experience at American Research and Development Corporation. The firm's initial capital of $10 million was contributed by six family investors. Its second fund was launched in 1973, followed by the opening of an office in Silicon Valley in 1999.
In 2005, Greylock completed its 12th fund, raising $500 million. The company relocated its headquarters from Boston to Silicon Valley in 2009 while raising a 13th fund that started at $575 million and expanded to $1 billion by 2011. Later funds include a 14th fund of $1 billion in 2013, a 15th fund also at $1 billion in 2016, and a 16th fund of $1 billion in 2020. Additionally, in 2021, Greylock secured an extra $500 million dedicated solely to seed-stage investments.
Greylock initiated Communities in 2014, which are quarterly networking gatherings designed for product managers, engineers, and technologists. These events emphasize topics such as design, big data, infrastructure engineering, user growth strategies, data science, and network security. The firm's Israeli office rebranded as 83north in January 2015.
Among its prominent partners are David Sze, Reid Hoffman, and Mustafa Suleyman.