Greylock Partners Moves Headquarters to Silicon Valley

SILICON VALLEY, CA—May 19, 2009
Greylock Partners, a premier venture capital firm with a 44-year history, today announced plans to shift its headquarters from the Boston area to Silicon Valley, where the firm has operated since the early 1980s.

Greylock has been steadily expanding its West coast presence over the past ten years by bringing in new partners with deep operational and entrepreneurial experience and making significant investments. Greylock plans to add several new positions, including partners, to its Silicon Valley office in the coming year. As part of this move, Greylock has leased a new office, now under construction, on Sand Hill Rd. in Menlo Park, California. Its current West coast office is in San Mateo, California.

Greylock's administrative and back office functions will relocate from Boston to Silicon Valley. Don Sullivan, the Greylock partner who has led the firm's finance and administrative operations for nine years, will move to the Bay Area, where he will continue to lead operations for the firm.

"Silicon Valley is a hotbed of entrepreneurial activity in Greylock’s two key areas of focus: enterprise software and systems and consumer Internet," says David Sze, a Greylock partner. “Aneel Bhusri and I, as well as the other partners at Greylock, are extremely optimistic about technology and Silicon Valley and plan to continue to expand our West coast operations.”

Greylock has been fortunate to be an integral part of the creation and growth of Silicon Valley companies in enterprise software and systems such as Data Domain (DDUP), Decru (acquired by NetApp in 2005), PolyServe (acquired by HP in 2007), Right Now Technologies (RNOW), Success Factors (SFSF), Wily Technology (acquired by CA in 2006), Palo Alto Networks and Workday. Greylock is privileged to work closely with the founders of some of today’s most influential consumer Internet ventures such as LinkedIn, Facebook, digg, Oodle and Auditude.

“Greylock consistently delivers returns that place the firm in a select group of Yale’s top performers,” says David Swensen, chief investment officer at Yale, a Greylock limited partner and an investor in multiple Greylock funds. “Greylock distinguishes itself with a spirit of partnership amongst its general partners, limited partners and entrepreneurs. We view the firm as a leader in the industry and enthusiastically support Greylock’s decision to place a greater emphasis on its hugely successful Silicon Valley operations.”

The firm’s Boston office will remain a key location for Greylock and the firm plans to continue to invest in the area. Select investments from the firm’s East coast office include Red Hat (RHT), Constant Contact (CTCT), OutlookSoft (acquired by SAP in 2007) and ZipCar.

“Greylock’s ability to succeed through multiple economic cycles for more than four decades is due in large part to our long-term approach to the business,” says Bill Helman, a Greylock partner. “This move illustrates our strategy to foster entrepreneurial growth in regions in which technology and innovation are thriving."


About Greylock Partners
Founded in 1965, Greylock Partners is one of the world's leading venture capital firms. Over the past four decades, Greylock has funded and helped build several hundred market-leading companies, including Ascend Communications, CheckFree, CipherTrust, Constant Contact, Continental Cable, Decru, Data Domain, digg, DoubleClick, Facebook, Farecast, Internet Security Systems, Ikanos, Legato, LinkedIn, Media Metrix, Millennium Pharmaceuticals, Openwave, Open Market, Red Hat, RightNow Technologies, Success Factors, Tellabs, Trilogy, Wily Technology, Workday and Zipcar.

The Greylock approach is to put the entrepreneur first in a highly supportive way and to provide founders the resources they need to build outstanding businesses. Greylock operates in a number of global centers of innovation, including Silicon Valley, Boston, Israel and India.

For more information, please visit http://www.greylock.com.