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Venture Capital

20 Family Offices Investing In Venture Capital

by trusted insight posted 2years ago 5976 views

Direct investing in startups is becoming increasingly appealing to family offices. But venture capital is a risky game. On average, three in four venture capital-backed companies in the U.S. fail to return investors’ capital, according to a Wall Street Journal article

Most family offices favor late-stage or pre-IPO companies over early-stage startups. “Early-stage venture capital is more than a full-time job. It involves getting side by side with managers and entrepreneurs to help grow the business,” said Prateek Mehrotra, chief investment officer at Endowment Wealth Management, a multi-family office with indirect venture capital investments through single-family office clients. Mehrotra said while many family offices have the capital to invest, they are not equipped with enough staff to perform due diligence and get involved throughout a startup’s development.

In some cases, family offices naturally have an advantageous position when a startup’s business matches their expertise in certain sector. “We are particularly interested in special situations where we have a competitive advantage. While these deals are research-intensive and highly illiquid, they are also the opportunities that can deliver outsized returns,” said Andrew Eberhart, chief investment office at a prestigious single-family office located in Virginia, in a November 2015 interview.

Trusted Insight identified 20 single-family offices that are highly active in venture capital investing. Just as you might expect, almost half are located in Silicon Valley.
 

Pfäffikon, Switzerland
Family Represented: Klaus Tschira Family  
Recent VC Investments: Jiff, Curetis
 

Palo Alto, California
Family Represented: Jerry Yang
Recent VC Investments: Ozlo, Citrine Informatics, WEVR
 

Los Altos, California
Family Represented: Sergey Brin
 

New York, New York
Family Represented: The Berggruen Family
Recent VC Investments: The Dodo, Ezetap
 

Kirkland, Washington
Family Represented: Bill Gates Family
Recent VC Investments: Owl Ventures
 

Palo Alto, California
Family Represented: Jeff Skoll
Recent VC Investments: Rayvio, Paga, Ezetap
 

Palo Alto, California
Family Represented: The Cha Family
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Stratford, Connecticut
Family Represented: The Daher Family
Recent VC Investments: Adomic, All Day, Bark & Co, Browz
 

Munich, Germany
Family Represented: The Strascheg Family
 

San Francisco, California
Family Represented: Warren Bechtel Family
 

Palo Alto, California
Family Represented: Eric Schmidt
 

Hong Kong, China
Family Represented: Li-Ka Shing
Recent VC Investments: Student.com, ROLI, Friendsurance
 

Philadelphia, Pennsylvania
Family Represented: Mike Kane
Recent VC Investments: HealthQX, PharmMD, Versify
 

Bryn Mawr, Pennsylvania
Family Represented: Clay W. Hamlin and Lynn B. Hamlin Family
Recent VC Investments: fund related to late-stage healthcare ventures
 

New York, New York
Family Represented: The Wertheimer Family
Recent VC Investments: Paddle8, WHOOP, HookLogic
 

New York, New York
Family Represented: Michael Del Family
Recent VC Investments: DentalOne Partners, Kobalt
 

Chicago, Illinois / Los Angeles, California
Family Represented: The Pritzker family
Recent VC Investments: SMS Assist, Baselayer, AiCure
 

San Francisco, California
Family Represented: Nicholas Pritzker
Recent VC Investments: Enlighted, Powerhive, Tesla
 

Pittsburgh, Pennsylvania
Family Represented: The Hillman Company
Recent VC Investments: Redfin
 

Seattle, Washington / Palo Alto, California
Family Represented: Paul Allen
Recent VC Investments: 4Info, Alibaba Group, Spotify



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