Hummer Winblad Venture Partners
| Private | |
| ISIN | 🆔 |
| Industry | Venture capital |
| Founded 📆 | 1989 |
| Founder 👔 | |
| Headquarters 🏙️ | , , |
Area served 🗺️ | |
| Members | |
Number of employees | |
| 🌐 Website | www.humwin.com |
| 📇 Address | |
| 📞 telephone | |
Hummer Winblad Venture Partners is a software and web focused venture capital firm based in San Francisco, California. Its founders include John Hummer and Ann Winblad.[1]
The firm was an early investor in Napster, the first popular file trading service, and wedding portal theknot.com. In her book The Kingmakers reporter Karen Southwick wrote that Hummer Winblad Venture Partners "may not be among the super tier of VC firms, but it certainly gets just about as much publicity."[2]
History[edit]
Ann Winblad started Hummer Winblad Venture Partners with former professional basketball player John Hummer after selling her company Open Systems and serving as a consultant to Microsoft, Apple Computer, and IBM.[3] The company originally focused on raising money from pension funds and investing in software companies.[4] In 1999 Bill Gates invested in the company's venture fund.[5]
In 2000 Hummer Winblad led a US$15 million round of funding for Napster while the internet company was being sued by the Recording Industry Association of America.[6] In 2001 several of the company's investments ended in company bankruptcies or closures, including Pets.com, Homes.com, eHow, and Rival Networks.[7] In 2006 Hummer Winblad Venture Partners settled a lawsuit brought by EMI Group and Universal Music Group after Napster's bankruptcy.[8]
References[edit]
- ↑ Miller, Greg (January 19, 1998). "Technology Is Their Life". Los Angeles Times. Retrieved August 15, 2018.
- ↑ Southwick, Karen (2001). The Kingmakers: Venture Capital and the Money Behind the Net. Wiley. p. 178. ISBN 9780471395201. Search this book on
- ↑ Lewis, Peter H. (February 7, 1993). "Sound Bytes; She Puts Up the Money for the Software Dreams". The New York Times. Retrieved August 15, 2018.
- ↑ Mehta, Stephanie (October 8, 1996). "Entrepreneurs Are Investing In Next Start-Up Generation". The Wall Street Journal. Retrieved August 15, 2018.
- ↑ Mills, Don (December 2, 1999). "Microsoft's Bill Gates invests in venture fund". National Post. p. C2.
|access-date=requires|url=(help) - ↑ Richtel, Matt (May 23, 2000). "Napster Has a New Interim Chief and Gets a $15 Million Investment". The New York Times. Retrieved August 27, 2018.
- ↑ Wingfield, Nick (April 16, 2001). "Hummer Winblad Is Awash In a Sea of Dot-Com Debris". The Wall Street Journal. Retrieved August 16, 2018.
- ↑ Menn, Joseph (December 13, 2006). "Financiers agree to settle Napster suit". Los Angeles Times. Retrieved August 15, 2018.
External links[edit]
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