From Idea to IPO

🎧 New episodes every Tuesday. Subscribe: Soundcloud | iTunes | Spotify | Google | Stitcher

Making Change at Scale. At the SaaStr Annual event (held virtually this year) Greylock general partners David Wadhwani and Sarah Guo discussed the key elements to successfully navigating operational phase shifts, which David has experienced numerous times over the course of his two-decade career as a software executive at companies such as AppDynamics and Adobe. David detailed 5 things every company and founder should do to navigate phase shifts successfully, illustrated by examples of how they played out during his own experience. (Greymatter)

Greylock Fund 16. We announced Greylock 16 — a billion dollar fund. With Fund 16, we will continue our focus on early stage investing. While we primarily invest in enterprise and consumer software at Seed and Series A, the size of our fund gives us the flexibility to make new company investments in Series B and beyond including growth stages. Our fund size also allows us to support companies as a primary/lead investor through company journeys. In our most recent fund, 75% of investments made were seed or series A, and the rest were in series B and beyond. Notably, 10% of the companies we backed in our last fund started up right in our offices. (Bloomberg, Blog)

Sumo Logic IPO. Congrats the entire Sumo Logic team on their IPO (Nasdaq: SUMO). Over the past decade, Sumo has established itself as the leader in continuous intelligence. With a cloud-native platform, Sumo has redefined the scale, elasticity and reliability of security, business and operational intelligence. Greylock partners Joseph Ansanelli and Asheem Chandna write about the journey from idea to IPO — and shared the company’s first seed deck. (Blog)

Abnormal Security partners with Microsoft. Abnormal Security will move its software onto the tech giant’s Azure cloud. Microsoft, in return, promises to sell Abnormal’s services to its large enterprise clients, which Microsoft says is its first such arrangement. (WSJ)

Greylock-backed companies are looking for amazing talent. Check out our jobs page for all the available roles. Our core talent team is always looking to connect with engineers, product managers, and designers who are thinking about exploring early stage start-up as a next move in their career. Reach out: CoreTalent@greylock.com