Menlo Park, CA, June 15, 2012 – Institutional Venture Partners (IVP), one of the premier later-stage venture capital and growth equity firms, is pleased to announce that General Partner Todd Chaffee has been named to the Forbes Midas List Top Ten Founder VCs. The Midas List identifies the venture capitalists who are providing the best returns for their investors, while helping create the most valuable and impactful technology and life science companies. The Midas List’s Top Ten Founder VCs List recognizes the most successful venture capitalists who are also founders of companies. Todd Chaffee is #6 on the new Forbes list. He founded Grand Expeditions Inc., a luxury and adventure travel company with more than $200 million in annual revenues. Todd has led investments in many high profile companies such as Twitter, HomeAway, LivingSocial, Netflix, Verisign and Yahoo. IVP is one of the top performing firms in the venture capital industry. The firm has a 31 year IRR of 43.2% and has more than $3 billion in committed capital. IVP targets later stage venture capital and growth equity investments in rapidly growing technology and media companies.
About Todd Chaffee
Todd joined IVP as a General Partner in March 2000. He has more than 25 years of operating and investment experience. Todd has led investments in companies such as Akamai, ArcSight, Ariba, Business Insider, ComScore, CyberSource, Domo, Digital River, Epiphany, Extensity, Hipmunk, HomeAway, InphoMatch, Inspirato, Kayak, LivingSocial, LoopNet, Mobile 365, Mobileway, Netflix, Nuance Communications, Omniture, Open Market, Trintech, Twitter, VeriSign, Verisity, and Yahoo. Prior to IVP, he was Executive Vice President of Visa, where his responsibilities included overseeing the Advanced Technology, Strategic Planning, Corporate Development, and Equity Investment divisions. He was also the President of Visa Marketplace Inc. (Visa’s investment subsidiary) and managed Visa’s global technology investment portfolio. His investments at Visa generated more than $1.2 billion in gains, and the portfolio produced a 32.8x multiple and a 243.4% IRR. Todd earned a B.S. with honors from the University of Minnesota Carlson Business School and completed the Stanford Graduate Business School Advanced Management Program, in addition to the Harvard Business School Venture Capital Program.
About Institutional Venture Partners (IVP)
With $3 billion of committed capital, Institutional Venture Partners (IVP) is one of the premier later-stage venture capital and growth equity firms in the United States. The partnership is currently investing IVP XIII, a $750 million later-stage fund focused on investments in rapidly growing technology and media companies. Founded in 1980, IVP has invested in over 300 companies, 90 of which have gone public. IVP is one of the top performing firms in the industry and has a 31 year IRR of 43.2%. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. Since its inception, IVP investments include such notable companies as ArcSight (HPQ), Aspect Communications, ComScore (SCOR), Concur Technologies (CNQR), Digital River (DRIV), Dropbox, HomeAway (AWAY), Juniper Networks (JNPR), LegalZoom, LivingSocial, MySQL (ORCL), Netflix (NFLX), Polycom (PLCM), Seagate (STX), Shazam, Synchronoss (SNCR), Tivo (TIVO), Twitter, and Zynga (ZNGA). For more information, visit https://www.ivp.com or follow IVP on Twitter: https://twitter.com/ivp.