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Lightspeed Venture Partners  CERTIFIED

Firm Rating:

Rated 2.7 / 5.0 by 35
Track
Record
2.6
Operating
Competence
2.5
Pitching
Efficiency
2.6
Favorable
Deal Terms
2.9
Execution
Assistance
2.8

Firm Homepage:

FIRM OVERVIEW: Large Private VC based out of Menlo Park, USA (US West)

FIRM DESCRIPTION: Lightspeed Venture Partners is a leading global venture capital firm with over $2 billion of committed capital under management. Lightspeed’s investment professionals and advisors are located in Silicon Valley, China, India and Israel. Over the past two decades, the Lightspeed team has backed more than 150 companies, many of which have become leaders in their respective markets, including Blue Nile, Brocade, Calista, Ciena, DoubleClick, eHealth, Galileo Technology, Growth Networks, Informatica, Kiva Software, LightLogic, Maker Communications, Metasolv, Openwave, Quantum Effect Devices, Riverbed, Sirocco, Virsa Systems and Waveset.

TEAM MEMBERS: Ajit Deora, Andrew Chung, Andrew Moley, Arif Janmohamed, Barry Eggers, Bejul Somaia, Chris Schaepe, David Gussarsky, Eric O'Brien, Herry Han, Jake Seid, James Mi, Jeremy Liew, Jesse Janosov, John Luongo, John Vrionis, Kartik Srivasta, Linus Chung, Mark He, Peter Nieh, Ravi Mhatre, Ron Cao, Sean Park, Siddharth Narayan, Srini Vudayagiri, Tony Wang, Yoni Chiefetz,

4
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0
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Beware of Eager, Time Wasting, Powerless, Info Hungry Associates at Lsvp

Fund: Lightspeed Venture Partners

Posted by Dexter on 2009-12-11

PUBLIC:

Beware of charming associates who solicit you out of the blue, cajole you to cough up good market info and then proceed to be an entirely waste of time. AVOID LIKE THE PLAGUE. LSVP are known foot-draggers and in this entrepreneur's view will forever be stuck in the second tier of VCs.

PRIVATE: Members Only

1
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1
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Worse Pitching Experience Ever

Fund: Lightspeed Venture Partners

Posted by Anonymous on 2009-07-02

PUBLIC:

Met with a partner that was completely unrelated to our field, from the first moment he was negative for each and every word we said (including the first slide with the title...), we asked us to rush our pitch after the first slide...and then attacked our assumptions (that have been validated by top players in the market) as we were talking nonsense, although it was clear he has no clue about our market at all.....later on he called to turn us down....

PRIVATE: Members Only (1085 Characters)

0
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1
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Pitched, but Never Connected to Actual Business Idea

Fund: Lightspeed Venture Partners

Posted by Anonymous on 2008-12-26

PUBLIC:

Pitched early stage deal to Ajit Deora. He was attacking every sentence but couldn't pin us down for the simple reason that we had answers to all his concerns. Interesting experience but not very helpful.

PRIVATE: Members Only (302 Characters)

3
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0
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Sounds of Silence

Fund: Lightspeed Venture Partners

Posted by Anonymous on 2008-11-30

PRIVATE: Members Only (631 Characters)

0
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1
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Good Pitch

Fund: Lightspeed Venture Partners

Posted by illscience on 2008-06-16

PUBLIC:

LSVP and Jeremy are probably the most active investors in the social gaming space. He took our meeting on a reference, was very courteous and provided us with helpful feedback.

PRIVATE: Members Only (280 Characters)

0
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4
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Initial Pitch

Fund: Lightspeed Venture Partners

Posted by jmenge on 2008-01-08

PUBLIC:

Initial pitch went well. Andrew read our business plan, asked good questions for an industry that LVP is not currently invested in.

PRIVATE: Members Only

6
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Ravi is Experienced and Helpful

Fund: Lightspeed Venture Partners

Posted by meizy on 2007-12-01

PUBLIC:

After working with Ravi at two different companies, I can attest that he really cares for the companies he's involved with, and offers useful advice.

PRIVATE: Members Only (209 Characters)

2
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Good Experience with Lightspeed / Wpg

Fund: Lightspeed Venture Partners

Posted by MartyManley on 2007-11-28

PRIVATE: Members Only

0
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0
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Lightspeed India

Fund: Lightspeed Venture Partners

Posted by beaupeep on 2007-10-26

PUBLIC:

Do other VCs hear your ideas too, even when they're at advanced stage of due diligence with your competitor" :)

Talked to a partner in India about our company. He was very attentive & seemed to know all about the space, which is rare. Little did I know that he was just gathering all the competitive info from me, while closing a round with our competitor. The announcement came 10 days later that they funded our competition. He could have simply told us "No Meeting". But then that would be too ethical" :)

PRIVATE: Members Only

3
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Lightspeed Venture Partners

Fund: Lightspeed Venture Partners

Posted by Bob Cell on 2007-10-09

PUBLIC:

Background: I worked with Peter Nieh of Lightspeed Venture Partners to create MyBuys from the assets of another portfolio company in a very productive and creative manner in 2006.

Deal structure: Peter and his partners were very receptive to the idea of creating a new company with a new capital structure that would be attractive to management. In order for the new capital structure to come together, Lightspeed recapitalized their previous investment entirely and invested in our new venture with a new mindset (a difficult thing for many VCs to do as they often get caught in the emotion of the old deal's issues), new preferences, and a belief in the new team.

Future round assistance: Peter was very supportive in preparing me for our B round funding process. He helped tailor the message of the investor presentation to be well tuned for the VC audiences. He also assisted with many introductions to other VCs as well as providing strong support when discussing our team and prospects.

Funding result: We were able to receive many term sheets that were all significantly above our last round post-money. Lightspeed invested in the B round requiring only one presentation to update the partners on our progress since the previous round (in addition to Peter's reporting on us behind the scenes) and Lightspeed has also reserved for future rounds.

Board Member: As a board member, Peter lets me operate the company - and I appreciate that. He cares about aligning goals, the market, and customer traction. He also cares about the quality and the recruitment of the management team and will actively engage in recruiting team members, if asked. If I were an investor, these would be the things that I would also care about also.

Other Lightspeed assistance:
I have received multiple sales leads (Jeremy Liew's internet background and connections have been very helpful), several high quality employee candidates, and participated in several Lightspeed events as part of their ability to proactively assist their portfolio companies.

Overall: Lightspeed is a very professional and smart group of partners and I would highly recommend them to other CEOs. Please feel free to contact me direclty at rcell@mybuys.com with any questions.

PRIVATE: Members Only

6
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Just Say "No"

Fund: Lightspeed Venture Partners

Posted by Anonymous on 2007-09-22

PUBLIC:

Had Peter on my board, and he was worse than useless: he actually made things worse through ineptitude, stupidity, and sheepishness.

PRIVATE: Members Only

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Lightspeed: Peter Nieh

Fund: Lightspeed Venture Partners

Posted by goodform on 2007-09-03

PUBLIC:

If a VC takes an active role in your company, he/she can either be a help or a hinderance. You may havbe taken $$ from a VC Fund, but you end up having to deal - over and over again - with one Partner.

It would be greater if the Partner had extensive realworld experience. It would be even better if the Partner had a sense of humility, grace, decency and humor.

Peter has none of these.

So, take $$ from Lightspeed. Just don't take it from Peter

PRIVATE: Members Only

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Your Place or Mine?

Fund: Lightspeed Venture Partners

Posted by Anonymous on 2007-08-17

PRIVATE: Members Only (223 Characters)

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Jeremy Has Contributed Materially to Our Success

Fund: Lightspeed Venture Partners

Posted by phdlance on 2007-08-09

PUBLIC:

We really value Jeremy's understanding of our space. He is someone who actively tries things out for himself and translates the best of Web 2.0 into suggestions for our own business.

For example, we were able to acquire a highly successful Facebook application before it even got listed in the Facebook directory. This was directly due to Jeremy having installed the app through his friend network and then recommending it to us. It is great when your VC gives you an inside scoop on acquiring 5M users.

PRIVATE: Members Only

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An Odd Experience

Fund: Lightspeed Venture Partners

Posted by Anonymous on 2007-07-06

PUBLIC:

Nice offices.

PRIVATE: Members Only (298 Characters)

5
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Comment On: Smart Guys... but Show Some Respect and Be on Time.

Fund: Lightspeed Venture Partners

Posted by goodform on 2007-06-25

PUBLIC:

Nabeel writes - "But showing up twenty minutes late and then joking to each other about how they always make entrepreneurs wait should be corrected behavior. We've all got busy schedules."

PRIVATE: Members Only (191 Characters)

4
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Smart Guys... but Show Some Respect and Be on Time.

Fund: Lightspeed Venture Partners

Posted by nabeel on 2007-06-26

PUBLIC:

Very much enjoyed the meeting. Ravi was peppering with questions and Jeremy is very strong, so that was all good.

But Jeremy & Ravi showed up at least twenty minutes late. They apologized but later were commenting to each other about how they are always late. That should be corrected behavior, we've all got busy schedules.

PRIVATE: Members Only (41 Characters)

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"Hazing" ?

Fund: Lightspeed Venture Partners

Posted by goodform on 2007-06-23

PRIVATE: Members Only (637 Characters)

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Good Fund, Good Guys

Fund: Lightspeed Venture Partners

Posted by mrgeek on 2007-06-01

PUBLIC:

I have worked with Lightspeed guys for 10+ years, in particular Peter Nieh and Ravi Mhatre. Good, hardworking guys and a good fund that understand enterprise software and how to nurture companies. They were beyond patient with some deals that went shitty after the dotcom bust.

On some of the comments here, note that if you do not know how to pitch to VCs they are not going to be so pleasant, so get a short elevator pitch down that communicates your value prop, don't expect meetings to start on time, and don't have more than 15 slides.

PRIVATE: Members Only

7
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I Like Jeremy Liew

Fund: Lightspeed Venture Partners

Posted by Homerun on 2007-05-09

PUBLIC:

Jeremy is a good guy: he is always generous with his time, provides valuable feedback and he has a ton of real world operational experience- unlike some others you meet around the Valley.

PRIVATE: Members Only (64 Characters)

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Ajit is Prompt

Fund: Lightspeed Venture Partners

Posted by rkp on 2007-05-08

PUBLIC:

Setting up a meeting with Ajit was a good experience since he took pains to have his staff co-ordinate the meeting (especially since I was flying in from Asia for a limited time).

PRIVATE: Members Only (134 Characters)

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Positive Experience When Pitching to Ravi Mhate

Fund: Lightspeed Venture Partners

Posted by playnogames on 2007-05-05

PUBLIC:

When we pitched to Ravi, he was very engaged and efficiently came up to speed with our technology. Our technology and market is not obvious, but by the second meeting I clearly feel he understands our space by way of his follow-on intense and engaging questions. I know people have different opinions of people, but I have to honestly say that working with Ravi has been a very positive experience for me and one of the best I have had.

PRIVATE: Members Only (302 Characters)

1
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Ajit Deora is a Very Good Person.

Fund: Lightspeed Venture Partners

Posted by primefactor on 2007-05-04

PUBLIC:

Ajit Deora at Lightspeed is a genuinely nice person. He will go out of his way to help entrepreneurs as he has built companies and understands what you are going through. He is extremely sharp and gives great feedback. I highly recommend him and if you are doing something releated to wireless or web servies, do contact him.

PRIVATE: Members Only

9
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Have a Decision Making Problem

Fund: Lightspeed Venture Partners

Posted by Anonymous on 2007-04-02

PUBLIC:

More heat than light

PRIVATE: Members Only (225 Characters)

6
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2
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Difficult to Work With

Fund: Lightspeed Venture Partners

Posted by Anonymous on 2007-03-28

PUBLIC:

Some partners are difficult to work with, and require a lot of management attention for upward management of the board. Be ready to spend many cycles with them

PRIVATE: Members Only