Beware: Terrible Performance!
Fund: OVP Venture Partners
Posted by Krassen on 2008-12-28
OVP led our financing at NanoString, very regular VC firm in manners. Historical performance of OVP is terrible (most funds in the bottom quartile, with exception of OVP IV in the 90s), and from my experience this is not a fluke. Nevertheless, they somehow manage to raise tons of money from LPs, which needs to be deployed, so it's probably worth pitching to them. However, if you close with them, make sure to minimize their influence on the business, or the money you raise may come at the cost of ruining your startup.
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