yc lightspeed vc lightspeedstreetjournal

Growing up in rural Germany, he has been a lifelong gamer and spent the majority of his teenage years competitively playing Blizzard’s Diablo II, culminating in a global No. Background Lightspeed’s gaming-related investments.īaier-Lentz’s has a unique background at the intersection of gaming and finance, Quinn said. “What stood out in our conversations with many of the exceptional founders he’s previously partnered with-and who have been leading the creation of popular games like Fortnite, Call of Duty, League of Legends, Apex, Overwatch, Valorant, StarCraft II and Warcraft III - is their appreciation for Moritz’s expertise, network, and relentless support in his role as investor, board member, and friend,” Quinn said. Nicole Quinn, general partner at Lightspeed, said in a post she has known Baier-Lentz since 2014, and most recently, worked together on our joint investment in Methodical Games. Lightspeed partners like Jeremy Liew have been investing for more than 15 years of investing in gaming, from early commitments and successes with Kongregate and Playdom, to more recent partnerships with game studios and adjacent platform and technology companies including Epic Games, Tripledot Studios, and Stability AI. The company will help the startups it funds with marketing, talent acquisition and other tasks. This is a firm effort with a core team and extended support members.” “It’s clearly a vote of confidence for the attractiveness of the gaming industry,” Baier-Lentz said. VC firm with a London outpost is probably on around $1.5 million a year, another CNBC source claimed, asking to remain anonymous due to the private nature of the discussion.The move underscores a greater interest in game investing at a time when gaming is outgrowing other categories of entertainment and it is making its mark on culture (as evidenced by Sunday’s launch of The Last of Us television show on HBO). VCs are willing to pay big premiums, Kanji added.

When the right candidate does come along in Europe, U.S. VC firms, according to Alex Lim, who left San Francisco VC firm IVP this summer to join London-based Blossom Capital as a managing partner. Lixandru and Murphy are the only two notable hires in Europe by U.S. Murphy led Northzone's investment in virtual event start-up Hopin, which was most recently valued at $7.75 billion despite being less than 2 years old. funds are realizing.'Įlsewhere, Menlo Park-headquartered Lightspeed hired Paul Murphy from early stage VC firm Northzone to lead its European outpost in London. 'It's not easy to find that talent in Europe,' she added. 'I think Sequoia did an incredible job of hiring Luciana,' Blossom Capital co-founder Ophelia Brown told CNBC, adding that there aren't many VCs in Europe with a 'growth-oriented mindset.' Accel, which has an office in Palo Alto, California, has backed several companies in Sequoia's portfolio including Dropbox and Qualtrics. Last March, Menlo Park, California-headquartered Sequoia hired Luciana Lixandru from Accel to be its first partner in Europe. Elsewhere, hedge funds like Tiger Global and Coatue are also expanding in London. VCs are also competing with the likes of SoftBank, which has its Vision Fund headquartered in London. 'I don't know whether it's going to be difficult or not but I think recruiting in general is always one of the most difficult things a company can do.' 'We will likely add one to two additional investors in the next 6 – 12 months,' Alex Ferrara, a partner at Bessemer Venture Partners in London, told CNBC. General Catalyst wasn't immediately available for comment when contacted by CNBC, while Sequoia and Lightspeed declined to comment. VCs tended to focus on growth whereas European VCs were more likely to prioritize reducing or removing risk. 'There are few trained general partners in Europe,' he said. VC firms are finding it 'super, super hard' to hire the right people in Europe, adding that there have only been a handful of notable appointments. venture capital firm Hoxton Ventures, told CNBC that the big U.S. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit

Yc lightspeed vc lightspeedstreetjournal