David Beisel’s Perspective on Digital Change
Joining Venrock, Focused on Digital Media Investments
While I have already privately shared the news with a few, I am pleased to communicate on my blog that I recently joined the venture capital firm Venrock as a Vice President.
This is a very exciting event for me, as this new role brings a new set of opportunities, in addition to allowing me to leverage my current strengths and interests. I will be based in the Cambridge office with Mike Tyrrell, and am looking forward to working with him and the rest of the Venrock team across all of the offices (New York, Menlo Park, and Israel). My focus will continue to be on early-stage investments in the digital media sector (primarily focused on internet and mobile spaces), working with entrepreneurs to start and build successful companies. And as part of that practice, I will continue to blog here at GenuineVC and lead the Web Innovators Group based in Boston.
In exploring the possibility of joining Venrock with the partners here, I was particularly struck by one theme which ran through all of our conversations: the importance of relationships. It became clear that I would fit into a firm which lives up to its heritage – with everyone valuing with paramount respect the relationships which they have with entrepreneurs, with investors, with the community, and with others within the firm. It is that team of investment professionals which I wanted to become a part, as my belief is that the fundamental driver of success in the venture capital industry is these strong connections and bonds.
True to that note, during my past couple years at Masthead Venture Partners, I fostered a number of relationships, including both the principals of that firm and the entrepreneurs who we invested. And while there is no longer a formal affiliation, the foundation on which these were built remains solid and will continue to do so.
A few weeks ago, Venrock announced that it raised $600M for investment in early stage startups across a diverse set of sectors (biotechnology, energy and nanotech, healthcare IT, medical devices, and digital media). I am excited to become a team member at the firm investing this capital in the digital media space, building new relationships and strengthening existing ones.