Join to Connect Lightspeed Venture Partners. Early Snapchat backer Lightspeed Venture Partners has been beefing up its European operations in 2020 as it looks to snap up the continent's best talent. We were thrilled to jump on the opportunity to partner with BuildingConnected, and we couldn’t be more thrilled to support the vertical market network for the commercial construction world. Quinn will spend half her time in California and half in Europe, she told Business Insider in an interview. BuildingConnected offers an open network approach, which means it maintains the most up-to-date information on each participant. BuildingConnected is the first unified database in the construction world. A leading-edge research firm focused on digital transformation. These two have a massive vision for a space that’s been crying out for innovation. Partner insights. Lightspeed Venture Partners Jan 2020 - Present 1 year. Our Mission. Subscriber For GCs entering a new geography, it’s easy to identify pre-qualified subs to invite to bid on projects, filter lists of subs based on specific criteria, and so on. Today, GCs and subs maintain business and contact information in siloed databases that are often out of date. Lightspeed Venture Partners is a multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise and Consumer sectors. Learn about the people who’ve made Lightspeed a top-tier firm in multi-stage venture. "Candidly, there has been a cultural shift in Europe which is leading to there being more founders on the continent, that's been a catalyst for us.". Join to Connect Lightspeed Venture Partners. Major European tech firms include Takeaway.com, Criteo, Spotify, Adyen, UiPath, and Farfetch. Microsoft's venture arm M12 has also made inroads into Europe. Report this profile Activity $25M Series A! Dustin worked in construction for several years, and found an industry still reliant on legacy technology and networking models that required intense and time consuming rebuilds for each new project. There's another data point to add to the evidence that Europe is maturing as a tech ecosystem: Silicon Valley is moving in. BuildingConnected then features premium SaaS offerings to manage the bidding process. BE ONE LIGHTSPEED. We are at our best as a global team. Gaurav Gupta. The firm will look to compete on rounds from Series B upwards in Europe and remains somewhat sector agnostic. Silicon Valley's venture capitalists have made concerted efforts to establish offices in Europe over the last year, in another indication of the continent's tech maturation. Lightspeed will be looking to build out it's European team in 2021 as the firm seeks to move from the remote world to a post-Covid future. In our first meeting, I introduced my thoughts around “‘LinkedIn for companies,”’ and they shared their vision for reinventing the commercial construction industry. Personal Website. Enter BuildingConnected. Nine months ago we started our journey at Noname Security with Cyberstarts - … Unlike other B2B procurement solutions, BuildingConnected has taken a network-based approach to building its business. "The data speaks for itself, we're finding terrific founders in Europe and our London base gives us the chance to actually meet people.". Pre-existing relationships are no longer the primary prerequisite to sniffing out bids and winning jobs. There are clear signs that's changing. Essentially, each new project meant starting from scratch. Fat Protocols vs Fat Dapps vs Fat Wallets, The US internet industry can learn a lot from Indian cricket, Why Lightspeed invested in Hasura: bringing GraphQL to everyone, APIs — The New Frontier in Observability and Security. Partner Lightspeed India Partners Advisors Oct 2015 - Present 5 years 3 months. Lightspeed is an early-stage venture capital firm headquartered in Menlo Park, California, and with around $10.5 billion under management. ABOUT US. The guts of the platform is a free-to-use open network that any general contractor (GC) or subcontractor (sub) can join. But marketplaces like BuildingConnected are not easy to build in the B2B world. I first met Dustin DeVan, co-founder and CEO of BuildingConnected, and his co-founder, Jesse Pedersen, in late 2015 after sending a cold email. In the age of Facebook and LinkedIn, this didn’t make sense to any of us. Gaurav Gupta VC at Lightspeed, former Product exec at Splunk & Elastic. Success in Venture Capital comes down to getting an entrepreneur to pick you. Jeremy has 7 jobs listed on their profile. Over the past 20 years, we've cultivated a team of partners who've mastered both the art and science of helping founders from various verticals build time-tested companies. Discover more than 400 companies we've partnered with. Over the last couple of years I’ve given a lot of thought to one question: Why is there no web-based platform that maps relationships between companies, analogous to how LinkedIn maps our professional relationships? Major European IPOs on the horizon include food delivery firm Deliveroo, security firm Darktrace, and software firm UiPath. "VCs should be going extra mile for founders so it's best to be on the ground," Quinn said. Partner at Lightspeed Venture Partners & Founding Partner #ANGELS San Francisco, California, United States 500+ connections. Sign up to 10 Things in Tech You Need to Know Today. Join to Connect Lightspeed Venture Partners. As I have dug into this line of questioning, I’ve come to believe that the “LinkedIn for companies” will be created in the form of vertical-specific procurement marketplaces. Meredith Kendall Maines | San Francisco, California | Partner, Marketing at Lightspeed Venture Partners | 500+ connections | See Meredith's complete profile on Linkedin and connect Nikki Pechet. In recent years, music streaming firm Spotify, Dutch payments firm Adyen, and fashion site FarFetch have all listed. Meet the team. Our mission is to serve the world’s most extraordinary people who are building tomorrow’s companies today. View Jeremy Liew’s profile on LinkedIn, the world’s largest professional community. since. Lightspeed is not the first US-based investor to explore a move to the continent, as backers look for good value deals in enterprise software and fintech. Join to Connect Lightspeed Venture Partners. Here’s how: Taking a network approach to bid management has many advantages: BuildingConnected has created massive efficiencies, and the platform is just getting started. "LightSpeed Venture Partners" Posts Managed Security Service Provider (MSSP) News: 27 October 2020 Today’s MSSP & cybersecurity news involves AttackIQ, Axio, Axis, BeMSP, BlackFog, Cyber Guards, Azure Sentinel, Myki, SentinelOne, Theta Lake, XM Cyber & more. San Francisco, CA. Singapore We are investors in key Southeast Asian startups like Grab, Shipper, Chilibeli, Ula and several more to be announced. Partner, Talent at Lightspeed Venture Partners. Companies transact differently with each other than individuals interacting with services. San Francisco Bay Area. By clicking ‘Sign up’, you agree to receive marketing emails from Business Insider See the companies. And just as every founder is unique, so is each one of our partners. Lightspeed's European investments to-date include Lithuanian unicorn Vinted, Clean Liquor, WhiteHat, alongside two German startups Candis and Personio. Once on the platform, these GCs and subs can easily connect with other participants in the construction ecosystem. So, for companies to transact online, the ideal platform must enable discovery, as well as the ability to engage in and negotiate complex transactions over time. I’ve known Dustin and Jesse for two years, and they’ve not only hit every milestone, they’ve exceeded all of our growth and product expectations. At Lightspeed we believe tomorrow is built today. Your morning cheat sheet to get you caught up on what you need to know in tech. Partner at Lightspeed Venture Partners Israel 500+ connections. Lightspeed Venture Partners is multi-stage, global venture capital firm focused on accelerating disruptive innovations and trends across sectors. "It's only in the past few years that Europe as a continent has begun to have big tech companies. Business Insider was the first to report in November 2019 that Sequoia had hired a talent search firm ahead of a London launch. as well as other partner offers and accept our, Visit Business Insider's homepage for more stories, Atomico's State of European tech report for 2020, Business Insider was the first to report in November 2019, subsequently poached Accel Europe's Luciana Lixandru, LinkedIn and Pinterest backer Bessemer Venture Partners plans to establish base in Europe, tempted by big exits such as Adyen, Spotify, and TeamViewer. David Baga | San Francisco Bay Area | Chief Operating Officer at Lightspeed Venture Partners | 500+ connections | See David's complete profile on Linkedin and connect "There's an excitement at the top of the firm to do this properly," Lightspeed's Quinn added. More specifically, my thesis is that over the next decade, we will see almost every business interaction initiated and completed online, and this transaction layer will be built on top of a vertical-specific company graph. For subs looking to expand their business, there now exists a way to market on a platform used by the entire industry, making it easy and efficient to discover new opportunities by region or project type. We also reported that New York-headquartered Bessemer was establishing a London office. Sequoia subsequently poached Accel Europe's Luciana Lixandru, and recently hired former Revolut product lead George Robson. European founders say with remarkable consistency that they need to travel to California to raise serious rounds of cash. Partner at Lightspeed Venture Partners San Francisco, California, United States 500+ connections. Dustin and I immediately connected around this shared vision, and today we’re excited to announce that Lightspeed Venture Partners is leading a $22M Series B investment in BuildingConnected. Its 400-strong portfolio includes "Fortnite" creator Epic Games, Calm, and Snapchat. View the portfolio. A record number of US institutions, 552, participated in at least one investment round in Europe in 2020, a 36% increase since 2016, according to Atomico's State of European tech report for 2020. "It's remarkable that we didn't have something in Europe previously," Vitkauskas told Business Insider in an interview. In short, Valley investors see a greater chance of exit. "We have 9 offices worldwide but Europe was a blank spot," Vitkauskas added. Lightspeed Venture Partners Follow Lightspeed is a multi-stage VC firm focused on accelerating disruptive innovations and trends in the enterprise and consumer sectors. 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