TLDR:
- IVP raises $1.6 billion for its 18th fund, showcasing longevity in the VC industry.
- IVP was founded in 1980 by Reid Dennis, who focused on betting on the best people.
How IVP built a VC firm to last
IVP, also known as “Institutional Venture Partners,” has established itself as a long-standing VC firm with a focus on sustainability and excellence over time. Founded in 1980 by Reid Dennis, IVP has raised a significant amount of funding for its 18th fund, totaling $1.6 billion.
Reid Dennis, who had a background in insurance before venturing into angel investments and founding IVP, believed in betting on the best people rather than changing them based on market size. This philosophy has been a key factor in the firm’s continued success and longevity in the industry.
Despite Dennis’s recent passing, his legacy lives on at IVP, with a strong focus on maintaining relationships and partnerships with institutional investors. The firm’s ability to build lasting connections and focus on sustainable growth has set it apart in the competitive VC landscape.
