Commerce

Greylock Commits $100 Million to Investing in the Future of Marketplaces

Published on August 29, 2013
by Mike Isaac

VC firm Greylock Partners announced on Thursday that it will commit to investing at least $100 million in entrepreneurs and companies working on marketplaces, or, as Greylock’s Simon Rothman puts it, “network effects businesses and transaction businesses.” (Think Lyft, Wanelo, etc.) Greylock also promoted Rothman, an executive in residence since 2011, to the position of partner on the firm’s consumer investment team, where he’ll focus on marketplace investments.

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URL: http://allthingsd.com/20130829/greylock-commits-100-million-to-investing-in-the-future-of-marketplaces/