Menlo Park, CA – January 17, 2018 – IVP, a premier later-stage venture capital and growth equity firm, is pleased to announce that it has promoted Michael Miao to Senior Associate.
“Michael is a highly valued member of the IVP team. Since joining IVP in January 2016, Michael has contributed across all dimensions of our investment practice. His promotion is well deserved and reflects the firm’s continued momentum in strengthening our investment team as we begin to invest IVP XVI,” said Somesh Dash, General Partner.
Michael focuses on identifying and evaluating later-stage enterprise software, Internet, and mobile investments. He worked on IVP’s investments in Anomali, Grammarly, Pure Storage (PSTG), and TransferWise, and is actively involved with Aerohive Networks (HIVE), Domo, Dropbox, GroundTruth, Mindbody (MB), OnDeck (ONDK), Prosper, SoFi, and ZipRecruiter. Prior to joining IVP, Michael worked at Dropbox, an IVP portfolio company, in the Strategic Finance team where he led numerous cross-functional projects across corporate finance, corporate strategy, and product management. He also worked in the Technology Investment Banking group at Deutsche Bank, where he advised corporate clients in the software and Internet sector on a wide array of equity, debt, M&A, and capital structure considerations. Michael graduated Magna Cum Laude from UC Berkeley’s Haas School of Business, where he earned a B.S. in Business Administration.
IVP is currently investing IVP XVI, a $1.5 billion later-stage venture capital and growth equity fund, and manages $7 billion in committed capital. As an investor in innovative companies, such as AppDynamics, Casper, Coinbase, Compass, Domo, Dropbox, Glossier, The Honest Company, Mindbody, Rubrik, Slack, Snap, Supercell, Tanium, Twitter, and ZipRecruiter, IVP remains committed to its focused strategy of supporting innovation at the growth stage and partnering closely with exceptional management teams throughout the United States. IVP is typically a lead investor in later-stage rounds with equity investments ranging from $10 to $100 million.
With $7 billion of committed capital, IVP is one of the premier later-stage venture capital and growth equity firms in the United States. Founded in 1980, IVP has invested in over 300 companies, 106 of which have gone public. IVP is one of the top-performing firms in the industry and has a 36-year IRR of 43.2%. IVP specializes in venture growth investments, industry rollups, founder liquidity transactions, and select public market investments. IVP investments include such notable companies as AppDynamics (CSCO), Buddy Media (CRM), Casper, Coinbase, Compass, Datalogix (ORCL), Domo, Dropbox, Dropcam (GOOG), Fleetmatics (FLTX), GitHub, Glossier, HomeAway (AWAY), The Honest Company, Kayak (PCLN), Klarna, LegalZoom, LifeLock (LOCK), Marketo (MKTO), Mindbody (MB), MuleSoft (MULE), Netflix (NFLX), Omniture (ADBE), Pure Storage (PSTG), Rubrik, Slack, Snap (SNAP), SoFi, Supercell (SoftBank), Tanium, TransferWise, Twitter (TWTR), Yext (YEXT), ZenDesk (ZEN), ZipRecruiter, and Zynga (ZNGA). For more information, visit www.ivp.com or follow IVP on Twitter: @ivp.