Todd Chaffee joined Institutional Venture Partners (IVP) as a Managing Director and General Partner in March 2000. He focuses on venture capital investments in rapidly growing media, travel, and technology companies. Todd has been recognized by Forbes as one of the world’s top venture capitalists. He is ranked #6 on the Forbes Midas List of Top 10 Founder VCs, and he is ranked #11 on the overall Forbes Midas List in 2012. Todd has appeared on the Midas List for the past five years. He was also recognized by AlwaysOn/Morgan Stanley as a top performing venture capitalist in the recently published AlwaysOn Top 100 VC List.
Todd has led investments in Akamai (AKAM), ArcSight (HPQ), Ariba (ARBA), Business Insider, ComScore (SCOR), CyberSource (CYBS), Domo, Digital River (DRIV), Epiphany (EPNY), Extensity (EXTN), H5 Technologies, Hipmunk, HomeAway (AWAY), InphoMatch (SAP), Inspirato, Kayak (KYAK), LivingSocial, LoopNet (CSGP), Mobile 365 (SAP), Mobileway (SAP), Netflix (NFLX), Nuance Communications (NUAN), Omniture (ADBE), Open Market (OMKT), Trintech (TTPA), Twitter, VeriSign (VRSN), Verisity (VRST), and Yahoo (YHOO). Todd has also actively participated in IVP's investments in Advent Software (ADVS), Artisan Components (ARTI), At Road (TRMB), Business.com (DEXO), CafePress (PRSS), Carbonite (CARB), Concur Technologies (CNQR), Danger (MSFT), MarkMonitor (TRI), Quigo Technologies (TWX), Sugar, Tripwire (Thoma Bravo), Websense (WBSN), and Yodlee.
Prior to IVP, Todd was Executive Vice President of Visa International. His responsibilities included overseeing the Advanced Technology, Strategic Planning, Corporate Development, and Equity Investment divisions for Visa. He was also the President of Visa Marketplace, Inc. (Visa's investment subsidiary) and managed Visa's global technology investment portfolio. Under Todd's leadership, Visa's venture capital operation generated more than $1.2 billion in gains and his investments produced a 32.8x multiple of invested capital with an IRR of 243.4%.
Todd joined Visa in 1994 as Senior Vice President of Advanced Payment Systems. After establishing and growing Visa's highly successful venture capital business, he was promoted to Executive Vice President of Visa International, becoming the youngest Executive Vice President in Visa's history. Prior to Visa, Todd held management positions at Fortune 500 companies such as American Express and TRW Information Systems Group. During his career, he also founded Grand Expeditions, Inc., a global luxury and adventure travel company with revenues in excess of $200 million.
Todd earned a B.S. with honors from the University of Minnesota Carlson Business School. He also completed the Stanford Graduate Business School Advanced Management Program and the Harvard Business School Venture Capital Program.
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