History
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and venture capital |
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Early history |
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Brentwood was originally founded by Frederick Warren, Timothy M. Pennington III and B. Kipling Hagopian
Leading investor in start up companies in the late 1990s. Raised a $300 million venture fund in 1998. Brentwood Venture Capital was founded in 1972 as Brentwood Associates. Over the last 26 years, Brentwood has grown to be one of the oldest and largest firms in the venture capital industry, having raised over $1 billion in capital and investing in over 300 entrepreneurial companies
In 1999, the partners from Brentwood joined with partners from Institutional Venture Partners (IVP) and Crosspoint Ventures and created two separate industry-focused firms with the relevant firm making new investments in each of the respective industries:
- Redpoint Ventures, focusing on early stage information technlogy investments
- Versant Ventures, focused on health care venture investments
In 1999, Redpoint raised a $600 million venture fund Ventures I, at the time the largest first-time fund for a new firm.
Read more about this topic: Brentwood Associates
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