Lightspeed Appoints Venture Partner

Lightspeed Venture Partners has appointed Tim Danford as a venture partner. He will focus on incubating companies in the enterprise technology and mobile sectors from Lightspeed’s Menlo Park office.

PRESS RELEASE

Lightspeed Venture Partners, a leading, global venture capital firm with
over $2 billion of committed capital, today announced that Tim Danford
has joined the firm as a Venture Partner. He will focus on incubating
companies in the enterprise technology and mobile sectors from
Lightspeed’s Menlo Park office where the firm has been supporting IT
companies from their earliest stages of development through successful
exit for the last decade. Lightspeed’s IT portfolio currently includes
Aerohive, AppDynamics, DataStax, MapR Technologies, MuleSoft, Nimble
Storage, ZScaler and many other industry leaders and disruptors.

“Tim’s experience incubating successful companies like MobileIron and
Airespace not only expands our footprint in early stage investing but
also broadens our capabilities to assist entrepreneurs at the idea stage
of their development,” said Barry Eggers, Partner at Lightspeed Venture
Partners. “His unique approach and experience are a great addition to our
team.”

Most recently, Tim was a Managing Director at Storm Ventures, where he
was involved with developing the business thesis and recruiting the
founders of multiple companies including Airespace (acquired by Cisco),
AdInfuse (acquired by Velti) and Averail. He also played a key role in
MobileIron’s development by recruiting the founding CTO from Nortel and
collaborating with the company’s other founders to start the
market-leading company. In addition, he is the co-inventor of the first
patent granted to MobileIron with the founding CTO, Suresh Batchu.

Prior to joining Storm Ventures, Tim worked in the Corporate Business
Development Group at Cisco where he focused on mergers and acquisitions,
strategy and investments in mobility, wireless and VoIP. He also
co-founded the group responsible for Cisco’s Enterprise VoIP
(Voice-over-IP) Business Unit, which resulted in multiple acquisitions
and the development of the Cisco AVVID product lines. Tim was awarded the
first Technology Pioneer Award by Cisco’s CTO for his contributions to
the founding VoIP team.

“I’ve known the Lightspeed team for a number of years and have always
been impressed with their track record in the enterprise market and
theme-based approach to investing,” said Danford. “I am thrilled to join
the team to collaborate with entrepreneurs at the very earliest stages of
their journey to build market leading companies.”

About Lightspeed Venture Partners
Lightspeed Venture Partners is a
leading venture capital firm with over $2 billion of committed capital
under management and investment professionals and advisors in Silicon
Valley, India, Israel and China with Lightspeed China Partners. Over the
past two decades, Lightspeed partners have backed more than 200 consumer,
enterprise and cleantech companies, many of which have become leaders in
their respective markets, including Blue Nile, Brocade, Ciena,
DoubleClick, eHealth, Flixster, Fusion-io, Informatica, Kosmix,
LivingSocial, Lucky Pai, Nicira, Playdom, Pliant Technology, Provigent,
Riverbed Technology, Solazyme, TutorVista, Virsa Systems, Waveset, and
XtremIO.

Ashley Levine
Text100 on behalf of Lightspeed
415-593-8434
ashley.levine@text100.com

Copyright 2013, Marketwire, All rights reserved.

Related Posts

Leave a Reply

PEHUB Community

Join the 12500 members of peHUB to make connections, share your opinion, and follow your favorite authors.

Join the Community

Look Who’s Tweeting

Psst! Got any hot tips?

  • This field is for validation purposes and should be left unchanged.

PE HUB News Briefs

RSS Feed Widget

Marketplace

VCJ Headlines (subscribers only)

RSS Feed Widget

Buyouts Headlines (subscribers only)

RSS Feed Widget

Reuters VC and PE feed

RSS Feed Widget