Mayfield Fund has hired three entrepreneurs-in-residence: Martin Eberhard, co-founder of NCD, NuvoMedia and Tesla Motors; Marc Tarpenning, co-founder of NuvoMedia and Tesla Motors; and James Phillips, founder of Akimbi Systems.
Mayfield Fund today announced that it has appointed three new entrepreneurs in residence (EIRs) to explore opportunities in the cleantech and enterprise sectors. The new team members include Martin Eberhard (cofounder of NCD (NASDAQ IPO), Mayfield-backed NuvoMedia acquired by Gemstar/TV Guide, and Tesla Motors), Marc Tarpenning (cofounder of NuvoMedia and Tesla Motors), and James Phillips (founder of Mayfield backed Akimbi Systems acquired by VMware).
“Marc and I have worked with Mayfield as entrepreneurs since our days at NuvoMedia. We are very pleased to see them grow into the cleantech space, which has become central to our own entrepreneurial interests,” said Martin Eberhard. “We believe the combination of our expertise and the top-tier brand and great partners at Mayfield are going to produce exciting new industry breakout companies.”
“Our association with Martin, Marc, and James has shown us that they are prescient at identifying customer needs that can grow into large market opportunities,” said Navin Chaddha, Managing Director at Mayfield Fund. “We look forward to working with them to incubate or invest in the next great cleantech or software company.”
“With a forty year history of building some of the most successful companies in Silicon Valley, Mayfield has three things that appeal to me as an entrepreneur: deep relationships with the industry's most successful entrepreneurs and executives, 'first looks' at the most interesting software investment opportunities and a broad base of company-building wisdom derived from decades of experience down in the trenches with technology entrepreneurs,” said James Phillips. “Mayfield was integral to the success of my last company and I am extremely fortunate to have the power of this partnership available to me as I look for my next opportunity to build an industry-defining software company.”
About Mayfield Fund
Mayfield Fund provides “venture capital with impact” by partnering with exceptional individuals to create industry-leading companies. The firm's investment sectors include communications/wireless, consumer/media, enterprise software and semiconductors. The firm has over $2.4 billion under management and a team of ten investing professionals. Since its founding in 1969, Mayfield has raised 12 funds, invested in more than 470 companies, taken more than 100 public, an