Jeff Clavier and John Lee talk about how newly formed companies in the seed stage can get funded.
Based in Palo Alto, California, Jean-Francois “Jeff” Clavier is the Founder and Managing Partner of SoftTech VC, one of the most active seed stage investors in Web 2.0 startups. Since 2004, Jeff has invested 110+ consumer internet startups in areas like social media, monetization, search, gaming or B2B/B2C web services. These investments are typically located in Silicon Valley, New-York and Boulder. With over 20 years of operational, entrepreneurial and venture capital experience, Jeff is able to add relevant perspective and value to his companies as they grow from inception to maturity, and hopefully, success.
In 2007, Jeff was recognized as one of the 13 “Web 2.0 King Makers” by (late) Business 2.0. BusinessWeek named him one of “The 25 Most Influential People on the Web” in 2008, and one of the “Top 25 Angels in Tech” in 2010. He was also nominated in the “Best Angel” category at the Crunchies in 2009 and 2010. He is often noted for his investments in categories such as “passion-centric communities” or online gaming, or for having sold a number of his Web 2.0 startups to the likes of Yahoo, AOL, Intuit or more recently Twitter, Groupon and Facebook.
In September 2007, after successfully investing as a business angel, Jeff announced the formation of SoftTech VC II, L.P. – a $15M seed fund backed by a mix of institutional and private investors to invest in 60+ consumer Internet companies over 3 years. In January 2012, a sequel fund – SoftTech VC III, L.P. – held a final close at $55M.
Some of Jeff’s representative investments include Mint (Intuit), Brightroll, Truveo (AOL), Userplane (AOL), Rapleaf, Ustream, Milo (eBay), Blekko, Eventbrite, Tapulous (Disney), DNANexus, FanBridge, BillFloat, Fab, Gigwalk, Betterworks,…
A popular speaker and moderator, Jeff appears at dozens of industry events per year, and is regularly interviewed on TV. Ranging from local Silicon Valley keynotes or panel discussions to international conferences, he shares his passion for building Internet startups, angel and VC investing, innovation and entrepreneurship. Jeff has produced a number of technology conferences and was a founding co-chair of the SDForum Search Special Interest Group.
Believing that you have to practice what you invest in, and vice-versa, Jeff started Software Only in 2004, one of the early venture capital blogs where he primarily covered social media, search, online communities and investing. After a few years of active posting, Jeff switched to micro-blogging, and a less time consuming production, mostly through @jeff on Twitter.
Prior to founding SoftTech VC, Jeff spent more than 16 years in the enterprise software world as an entrepreneur, senior executive and venture capitalist. Throughout his career, he was exposed to global markets leading development teams in Europe and on Wall Street, designing products sold internationally and investing in software infrastructure startups across the U.S. and Europe.
In 2000, Jeff became President of RVC Capital, the firm managing the Reuters Greenhouse Fund with $600M invested in 82 companies, including Yahoo!, Verisign, Phone.com and Infoseek. He joined the venture arm of Reuters from the company’s product development division, where he was leading a 250+ staff in Paris, London and New York, and was responsible for the Risk Management and Desktop products. Jeff joined Reuters through the acquisition of Effix Systems, a Paris-based startup company he helped develop in 1989 while still in school.
Jeff was born, raised and educated in France, earning a MS in Computer Science and a research degree in Distributed Computing. He has been happily living in Silicon Valley since 2000 with his wife @Bernadette and their two children. When he is not busy working, Jeff likes to spend time with his family and friends, cook, collect wine and play video games (favorite genres: FPs and MMOs). He also skis, hikes, dives and plays golf so poorly it is not even funny.
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