Ashmeet Sidana, a longtime VC who struck out on his own in 2015 to form Engineering Capital, just closed his third and newest fund with $60 million in capital commitments from a university endowment, a fund of funds, and three foundations. Sidana — who previously spent nearly nine years with Foundation Capital and received one of his first limited partner agreements afterward from Foundation’s legendary founder, Kathryn Gould — says the fund came together despite the pandemic without too much pain. That’s thanks in part to Sidana’s track record, including the sale of the cloud monitoring startup SignalFx to Splunk for $1 billion after it raised $179 million from VCs, and the sale of the cloud application monitoring startup Netsil by Nutanix for up for $74 million in stock after it raised just $5.7 million.
This Vc Just Closed On $60 Million To Fund “technical Risk,” Saying Other Vcs Rarely Do The Same
Connie Loizos, TechCrunch
Wed, 07/08/2020 - 7:22pm
Topics: ashmeet sidana foundation capital kathryn gould that s splunk nutanix engineering capital palo alto calif no silicon valley google facebook vcs aws microsoft ocean baffle or robust intelligence the university michigan i m toronto s creative destruction lab india i linux sergey gluttony steve jobs sidana vc engineering capital sidana sidana s sidana tc robust stanford university closed million fund technical problem insights data cloud people working check solve teams companies startup application solving started including enables insight company focus team software problems consumer market sale ownership big infrastructure investor monitoring raised schools feed contamination investing writing ai tend broad exist relationships difficult bank number small narrow earlier
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