Over the past year or so, I’ve had the opportunity to spend time in Atlanta to meet with entrepreneurs and venture capitalists in the region. Every time I come to visit, I continue to be impressed by the development of the city’s startup and entrepreneurial ecosystem. It is the right combination of all of the right ingredients –iconic companies, solid exits, active angel and seed investors, and great universities pumping out the next generation of talent – with a huge helping of southern hospitality.
Revolution is heading to SXSW in a few weeks, and we invite you to join us at the various events we are hosting in Austin! If you will be in town and are interested in our events, we encourage you to RSVP below. If you want to connect with the Revolution team in advance please shoot us an email and let us know your plans!
In response to the Great Recession, we have experienced some of the most significant changes to financial regulations in the history of the United States.
Regulatory reforms like Dodd-Frank, Basel III, Basel II/II.5, and the Card Act, have changed lending in the U.S. forever, and the implementation and impact of these regulations continue to be debated on Wall Street and Capitol Hill. In general, each of these reforms has resulted in a lower risk appetite by traditional lenders, which has led to a widespread reduction in consumer lending.
When Revolution Growth announced our investment in Revolution Foods last year, we knew co-founders, Kristin Groos Richmond and Kirsten Saenz Tobey, were on to something special. Inspired by their experiences as moms themselves, they knew school lunches were in need of a major overhaul. We’re thrilled that Fast Company has taken notice of their, dare we say “revolutionary,” approach to making healthy eating accessible and affordable for all kids.
This excellent article from The Economist really captures the history and magnitude of the opportunity. At Revolution, we have been investing in the sharing economy since well before there was such a term. Indeed, by many accounts we were the first institutional investor to identify and invest specifically in the category, backing early winners su
This year Revolution embarked on its first two “Rise of the Rest” road trips, centered around nine Midwest cities to celebrate the rise of entrepreneurship across the United States and meet with entrepreneurs and other leaders building these communities.
At the beginning of the year, we predicted that the “Rise of the Rest” would accelerate with record increases in venture capital investments going to cities outside of Silicon Valley, and we continue to see and experience this momentum:
It was just a little more than a year ago that Steve Case, David Golden, and Tige Savage announced the close of the $200 million Revolution Ventures fund, dedicated to investing in high-growth potential early-stage companies. Fast forward to today, and our portfolio consists of several exciting young companies working to disrupt significant markets, from travel to financial services, real estate, and e-commerce.
It has been a productive and memorable year. In 2014 we added Revolution Foods and Handy to our expanding Revolution Growth portfolio, and made several follow on investments in our portfolio. The team, led by Steve Case, Donn Davis, and Ted Leonsis, continues to focus its efforts on finding and investing in a select number of innovative, high-growth companies, and building the existing companies in the portfolio. Our strategy remains one of focus, and we enjoy spending time with each company as they grow and find new approaches to disrupt large industries.
Revolution & the Venture Capital Industry in 2014
As we reflect back on 2014, it goes without saying that it was an excellent and rewarding one for our firm and partners, as well as a big year for the venture capital industry. According to data from the National Venture Capital Association and PricewaterhouseCoopers venture capitalists invested $48.3 billion in U.S. startups last year, the most since 2000.
Another exciting development for one of our newest Revolution Ventures investments OrderUp!