Menlo Ventures closed its 12th fund at $400 million, the same size as its previous fund, and has begun to pass the responsibility for investing to a new generation of partners.
Although the new fund has six managing directors, two of them–Doug Carlisle, who joined Menlo in 1982, and John Jarve, who joined in 1985–will begin the process of retirement after this fund, following in the footsteps of founder H. Dubose Montgomery, who started the firm in 1976.
Image: Menlo Ventures managing directors, from left, Shawn Carolan, Mark Siegel, Venky Ganesan and Pravin Vazirani Menlo Ventures
