Draper Fisher Jurvetson

History

DFJ was founded in 1985 by Tim Draper. John Fisher became a partner in 1991 and Steve Jurvetson joined in 1994. In 2013, Draper announced his departure from DFJ. Draper announced he will continue investing out of an early stage venture fund Draper Associates V and assisting his son in running an incubator.

The DFJ Network was renamed the Draper Venture Network in 2015 and was operated by Draper.

In November 2017, Jurvetson stepped down from his position at DFJ after allegations of sexual harassment.

In January 2019, DFJ Venture, the early-stage team, spun out and formed Threshold Ventures.

DFJ Growth’s fourth fund of nearly $1 billion closed in 2021.

In May 2025, DFJ Growth raised $1.2 billion for its fifth fund.

DFJ Growth's investments have included Anaplan, Coinbase, Cylance, Ring, Sisense, SpaceX, Tesla, Twitter, and Yammer.

References

References

1. TrueBridge Capital. (April 15, 2015). "The Investors Behind The Next Billion Dollar Startups".
2. [https://www.mercurynews.com/2013/11/19/venture-firm-dfj-denies-report-that-co-founders-tim-draper-and-john-fisher-are-on-the-way-out/ Venture firm DFJ denies report that co-founders Tim Draper and John Fisher are on the way out]
3. Deborah Perry Piscione (April 2, 2013). ''Secrets of Silicon Valley: What Everyone Else Can Learn from the Innovation Capital of the World''. Palgrave Macmillan. pp. 129–. {{ISBN. 978-1-137-32421-4.
4. (November 19, 2013). "Exclusive: Tim Draper is leaving DFJ".
5. (November 19, 2015). "Under Tim Draper, Draper Network Extends Reach, Eyes New Funding Model".
6. Schleifer, Theodore. (2017-11-13). "Steve Jurvetson is out at his own venture capital firm after allegations of sexual harassment". Recode.
7. (May 13, 2014). "Venture capital firm Draper Fisher Jurvetson changes its name to Threshold Ventures".
8. (October 15, 2021). "DFJH Growth Closes 1BN Growth Fund Hires Justin Kao as Partner".
9. All Garfinkle. "Two decades in, DFJ Growth raises $1.2 billion for its fifth fund and doubles down on the long game".
10. (May 13, 2014). "Anaplan Gets $100 Million in Round Led by DFJ To Expand".
11. (January 20, 2015). "Coinbase raises $75 million in largest-ever VC round for Bitcoin company".
12. Ari Levy. (April 14, 2021). "Here’s who just got rich from the Coinbase debut".
13. (July 28, 2015). "Cybersecurity Startup Cylance Raises $42 Million in Series C Round of Funding".
14. (June 12, 2014). "SiSense Raises $30M More To Bring Big Data Analytics To Businesspeople".
15. Rick Whiting. (January 10, 2020). "Big Data Developer Sisense Raises $100 Million In Financing, Hits $1 Billion Market Cap".
16. (December 17, 2015). "Randy Glein of DFJ Growth On Today's Crazy Late-Stage Market".
17. (2018). "Forbes Profile: Randy Glein". Forbes.
18. Patience Haggin. (April 20, 2017). "DFJ Growth Closes Third Fund With $535 Million".
19. (2012-02-29). "Yammer Raises $85 Million in Financing Round Led by DFJ Growth".