Morgenthaler Ventures
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| Private ownership | |
| Industry | Private equity |
| Founded | 1968 |
| Founder | David Morgenthaler |
| Headquarters |
Morgenthaler Ventures - Information Technology: Menlo Park, California, United States |
| Products | Venture capital, leveraged buyouts |
| Total assets | $2.8 billion (total Capital raised since inception) |
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Number of employees
|
30+ |
| Subsidiaries | Morgenthaler Ventures, Morgenthaler Partners |
| Website | www |
Morgenthaler Ventures - Information Technology: Menlo Park, California, United States
Morgenthaler Ventures - Life Sciences: Palo Alto, California, United States
Morgenthaler is one of the oldest private equity investment firms in the US investing through both venture capital and leverage buyout transactions. Morgenthaler operates two connected private equity businesses:
The firm which was founded by David Morgenthaler in 1968, is based in Cleveland with offices in Menlo Park, California, Boston, and Boulder, Colorado.
David Morgenthaler founded the firm in 1968 after a career as an operating executive. From 1957 until 1968, Morgenthaler was CEO of Foseco, Inc., a manufacturer of specialty chemicals owned by early venture capital firm J.H. Whitney & Co. After selling his venture-backed business to an international company, Morgenthaler decided to pursue venture capital investing on his own.
Morgenthaler shifted from a family partnership and began raising institutional funds in the early 1980s. Since its inception, Morgenthaler has worked with entrepreneurs in approximately 300 companies.
In addition to his role in building a nationally focused venture capital firm, Morgenthaler also took a leadership role in establishing the legitimacy and potential of the nascent venture capital industry.
He served from 1977 to 1979 as the President and then Chairman of the National Venture Capital Association (NVCA).
During Morgenthaler's tenure at NVCA, he was called to testify before Congress in support of the capital gains tax reduction enacted in 1978. He was also involved in changing the ERISA legislation in 1979, allowing for pension funds to invest in private equity for the first time. (See also: Early history of private equity: Regulatory and tax changes)
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Wikipedia