Spark Capital
 |
|
| Private | |
| Industry | Private equity |
| Founded | 2005 |
| Headquarters | Boston, Massachusetts, United States & San Francisco, California, United States |
| Products | Venture capital |
| Website | sparkcapital |
Spark Capital is a venture capital in the United States, responsible for early stage funding of numerous successful startups including Twitter, Tumblr, Oculus, Warby Parker, Cruise, Slack, and others. It has branches in Boston, San Francisco, and New York City.
Spark Capital was launched in 2005 by Alex Finkelstein, Bijan Sabet, Paul Conway, Santo Politi, and Todd Dagres. They have raised five early stage funds, and two growth funds.
Spark Capital also raised two Growth funds.
Spark Capital was founded in 2005 by Alex Finkelstein, Bijan Sabet, Paul Conway, Santo Politi, and Todd Dagres. Other people who have joined the company since its inception include Andrew Parker, Megan Quinn, Rachael Horowitz, and Nabeel Hyatt.
According to a Forbes article, Spark Capital's success can be attributed to maintaining focus specifically on technology startups in the media, entertainment, and mobile sectors. Further, information-sharing within the company was organized so that all partners can work with a portfolio company, not just the partner assigned to that company.
Spark Capital has been known for co-investing with Union Square Ventures. In fact, many of Spark Capital's top picks, including Twitter, Tumblr, and Foursquare, were made via partner Bijan Sabet and were joint investments with Union Square Ventures, made by partner Fred Wilson. Other firms with which Spark frequently co-invests include SV Angel, Lerer Hippeau Ventures, and First Round Capital.
Sabet says that Spark Capital's portfolio companies do not use non-compete agreements, which he says have been a key factor in limiting startup growth in New York and Boston.
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