Independent rating of Clearstone Venture Partners VC fund
Overall rating:
27 reviews
About Clearstone Venture Partners VC fund
Website:
Founded:
1998
Number of funds:
1
Number of investments:
104
Number of exits:
25
Headquarters:
Organization type:
Venture Capital
How Clearstone Venture Partners VC fund invests
Rounds:
Average ticket size:
5.39M USD
Biggest investment:
24M USD
Would lead round:
Yes
Would coinvest:
Yes
Countries where invested:
Sectors of interest:
Software, Mobile Payments, FinTech, Wireless, Wearables, Virtual Reality, Video, Transportation, Telecommunications, Sports, Social Media, Service Industry, Security, SaaS, Retail, Real Estate, Mobile Apps, Mobile, Marketplace, Financial Services, Enterprise Software, Ediscovery, E-Commerce, Digital Entertainment, Commercial Real Estate, Broadcasting, Biometrics, Autonomous Vehicles, Automotive, Apps
Founders' reviews of Clearstone Venture Partners VC fund
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Not Interested in Social Network Plays
These guys have a great portfolio but are not sure of facebook application based startups. I got a quick response and they said they are uncertain of exits for these kinds of plays.
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Great VC to Have - India & US Presense Works Very Well
I raised series A from Clearstone Venture Partners for my forth Company in India, and while I was spoilt for choice amongst VC's to choose from, (this was March 07) Clearstone truly stood out for me. Rahul Khanna - the India partner has worked in start up's as well as large business formats in the US and India and really understands the ground realities of business. He is well connected in India and funnels some high quality contacts and resumes to his invested companies. Sumant Mandal who is US based and also on my board has a vast experience of investing in start up’s and imparts high quality of board guidance. His connections in the US often shine. The duo makes a great team and it’s a pleasure having them as partners. They set the right benchmarks, are flexible, and while they ask tough questions, they also provide high quality of solutions to entrepreneur problems. They would be the ideal ‘go to’ VC
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Great Fund: Solvency Issues
There is no question that Clearstone is a top tier fund in an under-served market. Word on the street is that they have been trying to close a new fund for too long, and the firm is facing solvency issues.
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Pitched Steven, Sumant & Dave
Really liked Sumant, helped we had a mutual and although meeting went well, initially found Steven a little arrogant and follow-up pitch to Dave, he was definitely arrogant. Still, pitches went really good. Didn't think we could pitch the product any better, alas, they took a pass.
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Good Quick No, and Thoughtful Comments
Just pitched William Quigley. He listened well, asked questions when he didn't understand, and focused in on key issues well. I also appreciated the honest feedback on what the key issues were with our pitch.
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Good Feedback
Their associate Steven called me out of the blue and wanted me to go through our pitch (we're in online content). It wasn't the ideal situation to be pitching: over the phone, no notice, but I went with it. Steven seemed to have a good idea of the space and asked some good questions and gave some good feedback.
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Liked the Team, Disagree with Their Business Mo
I had an introduction to them and really liked them. They took the time to do the right research and asked good, intelligent questions.
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Your Mba School VC
We pitched to Sumant, This guy has no technical clue, he kept asking boiler plate MBA school questions. Also no real world logic either. I wish he would have invited a technical guy along. Stay away on Semi-space from these guy's.
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Top of My List
For frame of reference, in the past few weeks I completed a successful Series B funding process where we were able to meet all of our targets. While I came into Clearstone with an introduction, I had no prior relationship with the firm or its partners. I can say without reservation that of more than a dozen firms I met with, Clearstone was the best experience I had. Jim Armstrong was prompt, professional and direct from the first meeting. No games, no posturing - just a professional investor interested in entrepreneurs and entrepreneurial ideas. The team we interacted with, including Phil Ressler and Anil Patel, were absolutely top notch - I would look forward to working with folks like this over the long term. One of the best pitching and due diligence experiences I have ever had - I highly recommend Jim and Clearstone if you are pitching a big idea.
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Who is in Charge?
Clearstone is widely regarded as one of the best funds in Southern California. Jim Armstrong is clearly the reason. Jim is a great guy. The problem is that Jim often refuses to take a stand with his partners. Bill E. and William Q. are fundamentally different personalities and have a very different view from Jim. As a result it is tough to understand who is really in charge and who you should pitch. Going to Clearstone without having Jim involved would be a mistake but keep in mind that you *also* need to spend time with the other partners. They are smart investors with a relatively good track record and reputation. They are just a bit quirky. I also think that this issue will get better in time as Jim takes a more prominent role and gets more comfortable taking a firmer stand with his partners.
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Salt of the Earth
The fund spun out of Idealab! and has a great set of partners. They also don't waste your time, and are generally good people. Read on...
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Co Founder of Spock.Com
The Clearstone team has a good combination of consumer internet balanced experience with business know-how.
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Not a Good Experience
Vish was quick to respond and fixed up a time to interact. Never called up at the appointed time and the secretary mailed to indicate that he was busy. Then finally called after an hour only to say that he is running late for another meeting. Less than 10 min chat with no response later.
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Focus on Jim
Jim has a great reputation, but some of the others are less valuable.
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Professional and Courteous
Met with this firm very recently and only have positive things to say. Our team was impressed with their team and their thoughtful approach to our presentation. They asked good questions and followed up with additional ones.
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Clearstone Silicon Valley Office
David Stern is very aggresively trying to build Clearstone's presense in seattle and the valley given their traditional LA focus. As a former entrepreneur, he's very understanding of the challenges that come with running a company. Good guy - absolutely always looking to help his companies. Very, very smart with regards to online advertising - probably one of the best thinkers in the VC space when it comes to online advertising.
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Phil Ressler
Phil has strong operating experience which is rare for a VC. He works most closely with Jim Armstrong and helps package his deals.
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Peter Lee at Clearstone is Top Notch.
Clearstone is an excellent firm and I strongly recommend Peter Lee who is an associate there. He is an extremely sharp guy that understands business and technical aspects equally well. If your idea/company is really good and you are having hard time with 2nd tier VCs, approach him. He will get it and if he likes what you are doing, you will receive a lot of hlep and he will become your champion inside Clearstone. You will need that help as top tier firms like Clearstone get way too many pitches every day. Watch out for him, in a few years he will be one of the big names in VC world.
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Had Choices; Glad I'M with Clearstone
Clearstone and specifically William Quigley have been relentless supporters of my company. Clearstone thinks big and helps bolster early stage ideas into standalone businesses. I interact with a few of the portfolio companies and everyone feels the same way. Quigley is a great guy, deeply interested in the dynamics of the business and has seen just about everything before. This is important because he is the type of guy that just wants things on the table so they can be addressed. If you can get in I'd seriously consider going this direction.
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Vish Mishra is Useless
Vish is all talk and no substance.
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La Fresh
Clearstone is a refreshing firm to work with. They represents the best out of the idealab concept and have a team that is an ideal combination of experience and motivation to succeed. Unlike some Valley VC's, their egos have not outgrown their desire to be involved and be truly helpful. They are well balanced with presence inside the Valley, LA and India. I have been impressed with their extended network and outreach.
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Great Firm that Really Backs Their Entrepreneurs
Jim Armstrong gets behind big ideas and doesn't flinch when the going gets tough. It's been a pleasure to have him as my investor and board member. The extended team at Clearstone has been very generous with their time and relationships.
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CEO Portfolio Company
Bill Elkus has been very helpful to me in thinking through issues I face as a CEO of an early stage company. I particularly appreciate his sharing of thoughts on how different constiuents (investors, me as CEO, founders, employees) will view a situation versus having a narrow "investor" point of view. The broader team at Clearsotne has also been extremely helpful providing our company great connections to people and comapnies that have been helful.
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Hungry, No Nonsense, Entrepreneur Friendly
Easy to work with, move quickly, believe in and back entrepreneurs. I go to Jim Armstrong *first* with any deals or funding requirements. Yes, they're not as branded, but in general branded VCs are very controlling.
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Very Strong Firm
These guys are great to work with. They genuinely care about building great businesses and don't sweat the small stuff. Negotiation was concluded with a handshake over dinner and then sent to lawyers for processing. They are very entrepreneur-friendly, get to yes (or no) fast and believe that management is key.
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Focused on Building Companies and Teams
Solid partnership with strong backing team of advisors and associates that provide real execution help for early-stage deals. Deep into Internet but doing enterprise software deals as well. Committed to building an ecosystem in Southern California but expanding activities in the Valley and India as well.
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Great Team
These guys are very easy to work with and a great track record.