Get ready for Start-Up Nation. FBN’s Liz Claman is reporting live Wednesday from Greylock Partners, a venture firm with $2.6 billion under management and known for its early investments in Facebook (NASDAQ:FB), LinkedIn (NYSE:LNKD), Pandora (NYSE:P) and other big Silicon Valley brands.
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Partners David Sze, Simon Rothman, Joseph Ansanelli and others from the Greylock team will be explaining how they spot the “next big thing.” CEOs of some of their notable investments will also be participating, including Pure Storage and Workday (NYSE:WDAY).
Greylock, which has also backed Instagram, Tumblr and Zipcar, is looking for the next billion-dollar opportunities, known in the Valley as “unicorns.” The firm is currently working with startups that want to be the Uber for food, the Yelp for doctors and the LinkedIn for your neighborhood.
There are only four publicly traded tech companies worth $10 billion or more created in the last ten years. Greylock invested in three of them, but passed on Twitter, twice. The partners will talk about how they plan to avoid missing other promising brands.
Since its founding in 1965, Greylock portfolio companies have seen a staggering 150 IPOs and more than 100 of its investments have been acquired. Headquartered on Menlo Park’s Sand Hill Road, Greylock is located alongside many of the top venture firms, including Andreessen Horowitz and Kleiner Perkins.