Institutional Venture Partners (IVP) appoints Sandy Miller as a New General Partner
Menlo Park, Calif. – April 3, 2006 – Institutional Venture Partners (IVP), a leading venture capital firm, announced today that it has expanded its investment team with the addition of J. Sanford (Sandy) Miller. Mr. Miller brings extensive experience to IVP and will serve as a General Partner focused on expansion-stage investments. Miller joins Todd Chaffee, Reid Dennis, Norm Fogelsong, Steve Harrick and Dennis Phelps as the sixth General Partner of the firm.
“The addition of Sandy represents our commitment to future growth of the IVP franchise,” said Norm Fogelsong, General Partner of IVP. “Sandy has a strong network of contacts in the technology community and he will clearly strengthen IVP’s reach within the information technology industry.”
“Sandy’s extensive investment banking experience fits perfectly with our expansion-stage and cross-over investment focus,” added Todd Chaffee, General Partner of IVP. “As we add Sandy to the firm, we look forward to continuing IVP’s well-established track record of building market-leading companies in partnership with talented entrepreneurs.”
Miller brings more than 30 years of investment banking and venture capital experience to IVP. Prior to joining IVP, Miller was a Senior Partner with 3i in Menlo Park and managed the later-stage investment group. He led investments in Vonage, Placeware, SkyStream Networks, Merchant e-Solutions and US Internetworking. He continues as the Lead Director of Vonage.
“I am excited to join such a talented group of investment professionals at IVP and am proud of its great reputation, track record and long history of success,” said Sandy Miller.
Miller co-founded Thomas Weisel Partners where he was a member of the Executive Committee, Chief Administrative and Strategic Officer and Co-Director of Investment Banking. He was a Senior Partner at Montgomery Securities, and led the technology and healthcare groups. Miller was a Managing Director and ran technology investment banking in San Francisco for Merrill Lynch and Donaldson, Lufkin & Jenrette. He was a strategy consultant at Bain & Company and a securities lawyer at Pillsbury Winthrop.
He received his B.A. from University of Virginia (Phi Beta Kappa) and has a J.D. and M.B.A. from Stanford University. Miller is a College Trustee at the University of Virginia and serves on the Management Board of the Stanford Graduate School of Business and the Cantor Center at Stanford University.
With more than $1.6 billion of cumulative committed capital, Institutional Venture Partners (IVP) is one of the premier venture capital firms in the United States. Founded in 1980, IVP has invested in over 200 privately-held companies, and more than 80 of these companies have gone public. The firm’s General Partners have more than 100 years of combined venture capital experience. IVP is currently investing IVP XI, a $300 million fund focused on expansion-stage investments in rapidly-growing information technology companies.
IVP has offices in Menlo Park and San Francisco, CA. For more information, visit the firm’s website at www.ivp.com.