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Venture Capital
shastaventures.com

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Investments

423

Portfolio Exits

83

Funds

9

About Shasta Ventures

Shasta Ventures is an early-stage investment firm focused on U.S. companies in the consumer Internet, mobile and software sectors. Shasta was formed to back brilliant entrepreneurs with an unwavering commitment to the customer experience. The firm's partners' experience in marketing, as well as technology, gives them a leg up in analyzing products, potential markets and customers. Shasta Ventures feels a customer-centric approach is particularly important in this age of social media. Buzz about superior-and inferior-products travels quickly today, leaving little wiggle room for mediocre offerings.

Shasta Ventures Headquarter Location

2440 Sand Hill Road Suite 300

Menlo Park, California, 94025,

United States

650-543-1700

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Expert Collections containing Shasta Ventures

Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.

Find Shasta Ventures in 2 Expert Collections, including HR Tech.

H

HR Tech

65 items

U

Unicorns- Billion Dollar Startups

113 items

Research containing Shasta Ventures

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CB Insights Intelligence Analysts have mentioned Shasta Ventures in 1 CB Insights research brief, most recently on Oct 4, 2021.

Latest Shasta Ventures News

GUEST ESSAY: The shock waves of mental illness have begun exacerbating cybersecurity exposures

Nov 29, 2021

According to a recent workforce health survey, 40% of workers experienced mental health issues this past year , double the year before. We are in the midst of a workplace mental health crisis that’s affecting individual employees and entire companies. While it’s obvious people are not getting the mental health care they need and deserve, and we must do better as a nation, there is an overlooked aspect of this crisis affecting businesses. The vulnerabilities and challenges associated with declining worker mental health is causing cybersecurity risks to increase, especially from insider threats. Mental health cyber risks Many organizations categorize employee mental health and a human resources concern, yet mounting evidence proves that the effects of mental health go much deeper. Declining workplace mental health is affecting cybersecurity in various ways. When an employee is struggling, they may reach a tipping point and become an insider threat. According to Verizon, 22 percent of all security incidents involve insiders. A common belief is that insider threats are all done by nefarious individuals, yet many occur unintentionally from loyal employees who can make an innocent mistake if they are distracted especially as a result of mental health issues. Any mental health issue can derail an individual’s focus and limit sound decision making. An employee could forget security protocol and download and adopt an unauthorized SaaS platform. These platforms could lack vital security protection needed to keep internal corporate information safe and secure, leaving internal data vulnerable. Another example that has become more prominent in a remote work-from-home world is an individual forgetting to use the company VPN or logging into unsecured WIFI. Both can unintentionally expose critical data and leave a company vulnerable to an outside threat. Chopra Socially engineered incidents have also been on the rise. Almost all of us have seen phishing emails in our inbox at some point. Phishers pose as trusted organizations to try to get you to click on malicious links and divulge private information. Most we have received in the past look terribly fake, yet these organizations are becoming more sophisticated as our public data becomes more accessible. These advancements coupled with an employee struggling mentally, could result in an accidental click or worse. Along with the unintentional insider threats that are affected by mental health, purposeful threats are also on the rise due to the decline in employee health. These threats can come in numerous forms, from downloading and sharing confidential information to providing cybercriminals with knowledge on how to access a system or where to find sensitive data. When aided by an insider, an outside attack often goes unnoticed for an extended period of time causing significant damage and monetary losses. Anytime a system is vulnerable, it becomes an opportunity for cyber criminals and other bad actors to infiltrate the system causing a cybersecurity nightmare. Steeper leadership challenges Several years ago when we, at Shasta Ventures , doubled down on investing in cybersecurity, I realized that to truly understand the problem and the industry trends, I needed to talk regularly to the people who keep the top companies secure. We created a group of around 50 CISOs at the world’s leading organizations to meetup and discuss the threats enterprise organizations face and the technology that is needed to keep our organizations secure. A key takeaway is that the increase in cybersecurity threats is now not just a CISO’s responsibility. The entire leadership team needs to deeply understand the risks and vulnerabilities that their team’s actions can cause. Mental health needs to be monitored and be top of mind by all leaders. As a first line of defense, It’s critical that security leaders understand user behavior and have the tools to spot unusual, suspicious, or policy-breaking activity, which are key to detecting the early indicators of a breach. Regularly coaching employees on security best practices and cybersecurity habits is a must for the modern organization. Evolving beyond the boring periodical security training to a program that regularly monitors the thoughts and actions of the team and reminds them of the proper protocol. An organization can’t tell an employee the rules during their onboarding and expect them to remember everything five years later without constant updates and reminders. To protect against growing insider threats, security must extend beyond the investment in external networks and applications. There needs to be more of a security investment in internal networks, specifically securing the traffic moving from one internal machine to another. Security leaders need to understand the vulnerabilities and build in more east-west intelligence using AI. This will help gauge whether certain employees should be accessing a database or system. More investment also needs to go to data exfiltration tools and preventing data exfiltration, and the investment should cover modern tools and processes such as conversations on Zoom or info sharing on Evernote. Employee mental health is, and will continue to be, at the forefront of building healthy work environments. We must take steps to support our workforce, while also securing our corporate assets. About the essayist: Nitin Chopra is managing director of Shasta Ventures. He is passionate about enterprise software and invests in infrastructure software as well as leads Shasta’s security investments. *** This is a Security Bloggers Network syndicated blog from The Last Watchdog authored by bacohido . Read the original post at: https://www.lastwatchdog.com/guest-essay-the-shock-waves-of-mental-illness-have-begun-exacerbating-cybersecurity-exposures/ Email*

Shasta Ventures Investments

423 Investments

Shasta Ventures has made 423 investments. Their latest investment was in ThreeKit as part of their Series B on November 11, 2021.

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Shasta Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/9/2021

Series B

ThreeKit

$35M

No

3

11/3/2021

Seed VC - II

Activeloop

$5M

Yes

468 Capital, CM Ventures, Tribe Capital, and Undisclosed Angel Investors

2

10/28/2021

Series A

Viakoo

$10M

Yes

3

10/25/2021

Seed VC

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$99M

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10

10/19/2021

Seed VC

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$99M

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10

Date

11/9/2021

11/3/2021

10/28/2021

10/25/2021

10/19/2021

Round

Series B

Seed VC - II

Series A

Seed VC

Seed VC

Company

ThreeKit

Activeloop

Viakoo

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Amount

$35M

$5M

$10M

$99M

$99M

New?

No

Yes

Yes

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Co-Investors

468 Capital, CM Ventures, Tribe Capital, and Undisclosed Angel Investors

Sources

3

2

3

10

10

Shasta Ventures Portfolio Exits

83 Portfolio Exits

Shasta Ventures has 83 portfolio exits. Their latest portfolio exit was Nextdoor on November 08, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

11/8/2021

Reverse Merger

$991

9

8/19/2021

Acquired

$991

4

8/17/2021

Reverse Merger

$991

6

00/00/0000

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10

00/00/0000

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$991

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10

Date

11/8/2021

8/19/2021

8/17/2021

00/00/0000

00/00/0000

Exit

Reverse Merger

Acquired

Reverse Merger

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Companies

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Valuation

$991

$991

$991

$991

Acquirer

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Sources

9

4

6

10

10

Shasta Ventures Fund History

9 Fund Histories

Shasta Ventures has 9 funds, including Shasta Ventures V.

Closing Date

Fund

Fund Type

Status

Amount

Sources

12/31/2016

Shasta Ventures V

Early-Stage Venture Capital

4

6/18/2014

Shasta Ventures IV

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$99M

10

9/23/2011

Shasta Ventures III

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$99M

10

11/15/2007

Shasta Ventures II

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$99M

10

3/24/2005

Shasta Ventures

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$99M

10

Closing Date

12/31/2016

6/18/2014

9/23/2011

11/15/2007

3/24/2005

Fund

Shasta Ventures V

Shasta Ventures IV

Shasta Ventures III

Shasta Ventures II

Shasta Ventures

Fund Type

Early-Stage Venture Capital

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Status

Amount

$99M

$99M

$99M

$99M

Sources

4

10

10

10

10

Shasta Ventures Team

8 Team Members

Shasta Ventures has 8 team members, including current Chief Financial Officer, Austin Grose.

Name

Work History

Title

Status

Robert Coneybeer

Founder

Current

Austin Grose

AVI Capital, Lanquest, MK Global Ventures, and AllegisCyber Capital

Chief Financial Officer

Current

Sean T. Flynn

Managing Director

Current

Tod Francis

Trinity Ventures, and Johnson & Johnson

Managing Director

Current

Ravi Mohan

Managing Director

Current

Name

Robert Coneybeer

Austin Grose

Sean T. Flynn

Tod Francis

Ravi Mohan

Work History

AVI Capital, Lanquest, MK Global Ventures, and AllegisCyber Capital

Trinity Ventures, and Johnson & Johnson

Title

Founder

Chief Financial Officer

Managing Director

Managing Director

Managing Director

Status

Current

Current

Current

Current

Current

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