Crv Has Definitely Evolved...
Fund: Charles River Ventures
Posted by Anonymous on 2012-03-21
CRV used to be the class of the Boston VC community, and the firm's mid-90's-vintage funds ranked among the very highest performers anywhere. But their early-2000s funds stalled and they even returned capital from one fund without investing it.
Since then, CRV has come down off the WInter Street hill in Waltham, hired a whole new crop of young, aggressive partners to replace those who are retiring on their success (where have you gone, Ted Dintersmith?), and immersed themselves in the Kendall Square/Cambridge community.
10 years ago, you mostly went to CRV later in the process, when it was time to scale up with a Series B and were looking towards an IPO. Then, CRV's bets were big ones, and you didn't even talk to them for less than $5-10 million.
Now, according to a partner we pitched recently, they rarely do Series B's -- concentrating on Series A investments. One common thread, though, is that they get most excited by size of market potential, and want to see a company that has a plausible story that could get them to a $1B market cap.
PRIVATE: Members OnlyCharles River Ventures: Quick Start Program
Fund: Charles River Ventures
Posted by Anonymous on 2008-10-12
Considering the current economic situation and the predictions of the market’s future described by Sequoia and others, I have the following questions.
a) Should we hold off on submitting to Charles River Ventures - QuickStart program"
b) Does anyone have any information as to whether CRV has placed a hold on funding companies for this program"
c) Or has stopped taking a serious look at companies applying for this program"
We are beyond the idea stage and actually have the technology proven and are in a private beta. We are seeking seed money and have developed our product/service with very little capital by keeping our burn rate very low and with sweat equity. Even when we receive seed funding we have planned on maintaining a low burn rate.
Any thoughts and insight would be appreciated.
Thank you.
PRIVATE: Members OnlyQuickstart Only for Social Networking"!
Fund: Charles River Ventures
Posted by Anonymous on 2007-07-03
Chris told me that Quickstart is ONLY for Social Network Businesses !" WHAT"
PRIVATE: Members Only