We have been the earliest investor with dozens of
teams that have dared to pursue their vision

 

Many have created and led new markets
by redefining the possible

 

All have inspired us in some important way

Our Portfolio

Telera

Telera

Telera provided a software platform for advanced voice applications. The company’s flagship Voice Web Application Platform enabled both wireline and wireless service providers to deliver advanced, business-centric voice applications.

  • Founded: 1998
  • Round Partnered: Series A
  • Year Partnered: 1998
  • Fund: Prior Art
  • Clear Partner(s): Chris Rust
  • Status: Acquired
  • Year Acquired: 2002
  • Acquirer: Alcatel (ALU)
  • Acquisition Price: $ 136,000,000
I first met Chris when he worked at Sequoia Capital at the time we pitched our project (Telera) to them. During a period of frenetic VC activity (1998), Chris understood very quickly what we were about, due in part to his deep background in telecom, but largely due to his acuity. He was an excellent sounding board for our ideas during the early days of the venture, and brought significant value through contacts in the Telco industry, with one of whom we created a profitable business partnership. Having been in a telecom startup himself, he had the all round background to help us navigate the business climates that we encountered till 2002. I have kept in touch with Chris and would certainly welcome an opportunity to be associated with him.
Mukesh Sundaram, Founder & VP Engineering

Results

The 4 companies our team co-founded produced over $1.7 billion of market cap from 2 IPOs and 2 acquisitions

The 50+ early-stage companies we funded produced over $52 billion of market cap from 34 exits, with 8 going from seed/series A to IPO, 24 acquisitions

Some of our greatest learnings and closest personal partnerships have come from our losses

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