LinkedIn’s story has appear to a near — staying obtained by Microsoft for $26.two billion — and its increase and finale is many thanks to a laundry record of men and women. Two of these who had been instrumental to its development are now investors at Greylock Companions: Josh Elman and Reid Hoffman.
We’re definitely excited to announce that the two of them will be becoming a member of us on phase at TechCrunch Disrupt SF this 12 months in September.
Among the two of them there’s a laundry record of successful startups. Hoffman invested in companies like Airbnb for Greylock Companions, when Elman lately led Greylock’s financial commitment in Musical.ly that valued the business at $500 million. Elman also sits on the board of Medium.
Beyond the two of them, Greylock Companions additional broadly has invested in startups that have risen to remarkable valuations and exits, like Instagram and Dropbox. (The latter is possibly a bit additional debatable, offered concerns about its core organization — but possibly there’s additional we can master from the two of them on phase.)
It is an exciting time for Greylock Companions and the trader group as a complete. Later-phase startups have been strike with markdowns from institutional investors and there has been a bit of a deficiency of substantial-profile IPOs — with it seeming like companies like Uber and Airbnb are in no rush to get out the doorway. Venture cash can be a frustratingly prolonged waiting around recreation for LPs, but even so it does appear like the product may possibly be in a bit of a distinct place than it as soon as was.
Then again, LinkedIn sold for $26.two billion. So it does appear like there’s a lot of an urge for food for M&A, with other latest major exits with Intel snapping up Nervana Devices for $350 million and Salesforce selecting up Quip for $750 million (the latter of which was also a Greylock financial commitment).
Hoffman was a really achieved and prolific angel trader, having in early in Facebook. A single of the beginning lineup in the PayPal mafia, Hoffman joined Greylock Companions in 2009.
Elman and Hoffman satisfied in the early days of LinkedIn, when Elman took on a role as a item manager in 2004. They linked as soon as again when Elman joined Greylock in 2011
There’s another link in between the two as effectively: equally are Stanford alumni. That’s not entirely surprising — the Stanford alumni network is enormous in Silicon Valley. Josh retains a BS in Symbolic Devices with a aim on Human Personal computer Interaction from Stanford College. Reid gained a master’s diploma in philosophy from Oxford College and a bachelor’s diploma — also in symbolic units — from Stanford College.
Tickets are even now available for Disrupt SF 2016. We hope you can join us.