Meritech Capital Partners

That’s a lot of money, but the 15-year-old, Palo Alto, Ca.-based late-stage venture firm could have raised much more than that. Fully 38 of the firm’s portfolio companies have either been acquired or gone public since the second half of 2009. Among them: Facebook, which went public in 2012; the e-commerce company Zulily, which held its IPO last November; and the social networking network Yammer, acquired by Microsoft for $1.2 billion in cash in 2012. In fact, Meritech’s fourth, $425 million fund, closed just three years ago, has already reaped nearly as much as investors poured into it.

We get it, you have a lot of options for raising capital. Which is as it should be, since your company is the scarce resource, the unique and special asset. So why take a round of late stage capital from Meritech?

We’re not a venture supermarket. We don’t do seed deals one day and dabble in pre-IPO rounds the next. We do one thing, period: invest in the best late stage tech companies in the universe. We have no aspirations of raising billion dollar mega funds (been there, done that) — that’s a whole ‘nother layer of people and process. And it just doesn’t scale.

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Venture Capital & Private Equity

Meritech isn't a venture supermarket. We don’t do seed deals one day and dabble in pre-IPO rounds the next. We do one thing, period: invest in the best late stage tech companies in the universe. We have no aspirations of raising billion dollar mega funds (been there, done that) — that’s a whole ‘nother layer of people and process. And it just doesn’t scale.

Meritech Capital Partners is an American private equity company focused on late stage venture capital investments in information technology companies with a focus on consumer Internet and media, software and services, enterprise infrastructure, and medical devices.