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with an inaugural $ 175M early-stage IT-only fund. These three general partners continue to serve on the boards of their
Morgenthaler portfolio companies, including Lending Club (the fourth largest Internet IPO since 2001 behind Facebook, Twitter and Google), MuleSoft, Evernote, Doximity, etc. They
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investments out of the same fund. In
November 2008, Morgenthaler Ventures exceeded its fundraising goal and closed its ninth fund (Morgenthaler Venture Partners IX) at slightly more than $ 400 million. MVP IX is the first Morgenthaler fund to focus solely on venture capital investments. By
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During
Morgenthaler's tenure at NVCA, he was called to testify before Congress in support of the capital gains tax reduction enacted in 1978. He was also involved in changing the ERISA legislation in 1979, allowing for pension funds to invest in private equity for the first time.
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Morgenthaler died in June 2016, at the age of 96. He worked up until the very end, with his son noting that he was testing an app from his hospital bed. "At age 96, almost 97, who does that?" his son said.
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In addition to his role in building a nationally focused venture capital firm, Morgenthaler also took a leadership role in establishing the legitimacy and potential of the nascent venture capital industry.
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Morgenthaler was awarded the first
National Venture Capital Lifetime Achievement Award in 1998 for his role in the emergence of the venture capital industry. Morgenthaler was inducted into the
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Earlier in his career, Morgenthaler was a member of the management team of several young growth companies. He received both a BS and a MS degree in mechanical engineering from the
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were later joined by Paul Hsiao, a 10-year partner at NEA, in May 2014. Canvas was named the No.1 "VC Firm to Watch" by Forbes on its 2015 Midas List.
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founded the firm in 1968 after a career as an operating executive. From 1957 until 1968, Morgenthaler was CEO of Foseco, Inc., a manufacturer of
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In August 2013, General
Partners Gary Little, Rebecca Lynn, and Gary Morgenthaler formed a new and separate firm called
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He served from 1977 to 1979 as the
President and then Chairman of the National Venture Capital Association (NVCA).
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comparison, Morgenthaler
Ventures was allocated approximately $ 315 million to invest in the previous fund.
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After selling his venture-backed business to an international company, Morgenthaler decided to pursue
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Investors turn away from Ohio as heavy use of tax dollars to woo jobs doesn't pay off
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in the early 1980s, the firm has raised over $ 2.8 billion of investor commitments.
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transactions. Morgenthaler operates two connected private equity businesses:
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547:"David Morgenthaler, One of Venture Capital's Founding Fathers, Dies at 96"
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Morgenthaler
Ventures Wraps Up 2006 With 3 IPOs and 2 Mega M&A Events
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The firm which was founded by David
Morgenthaler in 1968, is based in
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MuleSoft
Postpones IPO for More Funding at $ 1.5 Billion Valuation
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Venture Firms Worried Caution flags raised at annual conference
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Early history of private equity: Regulatory and tax changes
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Lecture to Stanford University Entrepreneurship Students
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Why APIs Will Save Your Business From Getting Uber-ed
140:$ 2.8 billion (total Capital raised since inception)
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2005 - Morgenthaler Venture Partners VIII - $ 450m
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488:2001 - Morgenthaler Venture Partners VII - $ 850m
189:investment firms in the US investing through both
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531:Robin Bellas (partner at Morgenthaler Ventures),
485:2000 - Morgenthaler Venture Partners VI - $ 575m
479:1995 - Morgenthaler Venture Partners IV - $ 135m
476:1989 - Morgenthaler Venture Partners III - $ 65m
461:Since the 1980s, when Morgenthaler began raising
927:Financial services companies established in 1968
498:Historically, Morgenthaler funds have made both
482:1998 - Morgenthaler Venture Partners V - $ 300m
473:1985 - Morgenthaler Venture Partners II - $ 30m
91:Morgenthaler Ventures - Information Technology:
772:History of private equity and venture capital
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160:Morgenthaler Ventures, Morgenthaler Partners
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922:Venture capital firms of the United States
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494:2008 - Morgenthaler Ventures IX - $ 400m+
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917:Private equity firms of the United States
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257:owned by early venture capital firm
588:"8 Up-And-Coming Midas List Firms"
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624:Smart Leaders: DAVID MORGENTHALER
442:'s Venture Capital Hall of Fame.
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777:Early history of private equity
332:and the venture capital bubble)
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652:Morgenthaler Ventures Profile
210:– buyout business focused on
932:Companies based in Cleveland
109:Morgenthaler Private Equity:
937:1968 establishments in Ohio
792:Private equity in the 2000s
787:Private equity in the 1990s
782:Private equity in the 1980s
216:leveraged recapitalizations
66:; 56 years ago
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843:High-net-worth individual
818:Corporate venture capital
648:. The Toledo Blade, 2006
640:Navigating Sand Hill Road
272:History of private equity
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467:institutional investors
848:Institutional investor
440:Private Equity Analyst
265:investing on his own.
259:J.H. Whitney & Co.
94:Menlo Park, California
891:Venture capital firms
873:Sovereign wealth fund
549:. Wall Street Journal
208:Morgenthaler Partners
202:Morgenthaler Ventures
185:is one of the oldest
103:Palo Alto, California
19:For the surname, see
886:Private equity firms
463:private equity funds
896:Portfolio companies
727:Investment strategy
512:Canvas Venture Fund
296:(origins of modern
274:and venture capital
255:specialty chemicals
146:Number of employees
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21:Morgenthaler (name)
612:David Morgenthaler
573:2009-01-31 at the
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378:COVID-19 recession
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212:management buyouts
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430:(See also:
364:(expansion)
911:Categories
519:References
232:Menlo Park
833:Endowment
801:Investors
744:Mezzanine
449:in 1941.
370:The 2020s
358:The 2010s
338:The 2000s
322:The 1990s
306:The 1980s
228:Cleveland
571:Archived
119:Products
51:Industry
764:History
734:Venture
553:21 June
348:to the
246:History
220:rollups
165:Website
79:Founder
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61:Founded
739:Growth
642:, 2006
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593:Forbes
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236:Boston
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