DFJ Growth

DFJ Growth is a late-stage global venture capital firm that provides capital to companies in seed, early, and growth-stages.

21 reviews

Independent rating of DFJ Growth VC fund

Overall rating:
21 reviews
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Experience
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Value add
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Board activity
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Terms
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Founder friendly
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Help with follow-up rounds
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About DFJ Growth VC fund

Founded:
2006
Number of funds:
4
Number of investments:
119
Number of exits:
32
Headquarters:
Organization type:
Private Equity Firm

Portfolio - latest investments by DFJ Growth VC fund

Founders' reviews of DFJ Growth VC fund

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Older than a year by non-portfolio founder
Good Feedback and Pleasant Experience
Good overall experience of pitching to them and getting valuable feedback from them. Partner was attentive during the presentation and asked follow up questions. He also followed quickly on next steps.
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Older than a year by non-portfolio founder
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Efficient Evaluation, Solid Terms, and a Quick Close
We (CloudCrowd) have just closed on a substantial investment from DFJ. The process was extremely efficient. The time from Signed Term Sheet to Deal Funding took all of 9 business days (which boggled our lawyers). We feel that DFJ was quite reasonable with the deal terms, and are satisfied with our valuation. We've really enjoyed our interactions so far with the DFJ team, particularly with Andreas Stavropoulos, Don Wood, and Josh Raffaelli.
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Older than a year by non-portfolio founder
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No Alpha Wolves, Part of the Pack
We met with Tim and a number of other folks in the firm to look for an early stage investment.
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Training Wheels
A friend called in a favor to get me to an analyst. The pitch was fine--cordial--but I knew about 15 minutes into it that the two young gents in the meeting weren't really following me. Their questions did not suggest that they really grasped our business model. I tried to get a partner into the room, knowing that it was going to die otherwise, but to no avail. They passed for vague reasons. It would have been good practice had they asked better questions.
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Older than a year by non-portfolio founder
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Just Fyi, Proceed @ Your Own Risk
I know this fund has got a good history and has been relatively very good at generating $$. They seem to be doing better than many other firms, and I know that. So, proceed at your own risk.
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Quick Response, Useless Information
Submitted without reference. Quick to say no.
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Ravi Belani: Insightful and Helpful
I recently met with Ravi to discuss a nascent new business concept that's promising but still a bit fuzzy in the details. Ravi got it immediately. He quickly began offering very creative insight that helped me flesh out the concept, explore related ideas, and understand my most important next steps. True to DFJ's reputation, Ravi was particularly insistent that I 'think big' and consider ways to turn this concept technology into a platform. He was also very considerate to my position as the entrepreneur and respectful of my role as the keeper-of-the-vision. Overall I came away very impressed with Ravi's intellect and creativity. I would be very pleased to have Ravi on my board and I'm looking forward to formally pitching DFJ.
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Older than a year by non-portfolio founder
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Focus on Getting the Deal Done
We have recently received a term sheet from DFJ. The term sheet was extremely clean, and focused on preparinf the company for success. No BS, no irrational preference, cleaned the previous investors' awful terms and pratically restructured the company in a way that made everyone focused on a large success. During the negotiations they were very open, and agreed to many requests as long as they did not create a conflict of interest on the big items. I look forward to get a closing. I will post another comment upon closing to describe that experience.
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Older than a year by non-portfolio founder
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Ravi Belani, Josh Stein
While I have met and had multiple meetings with many top tier VCs, I could not have been more impressed with DFJ. First, I have to agree with the prior comment that Ravi Belani is a rising star. He is insanely smart, has a deep understanding of his industries and is well connected. I was further impressed by his interest in doing the right thing. In this case, it included introductions to executives at companies funded by other VCs, and bringing in a key strategic investor that would limit his ownership stake, but substantially improve the company going forward. Another unique trait is that he is focused on empowering and advising the entrepreneur, not controlling and overpowering the executive team. DFJ moved very quick -- after an initial meeting, they assembled the right people and quickly arrived at a decision. I appreciated the speed with which they reached a conclusion and was impressed by their bench depth--everyone I met including Josh Stein, Steve Jurvetson, Andreas Stavropoulos and Emily Melton (to name a few) was an A player as well.
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Older than a year by non-portfolio founder
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Great Knowledge of Web 2.0 and Willing to Take Risks
I have pitched several companies to DFJ over the years and Emily Melton's knowledge of companies and business models in the web 2.0 space is second to none. I would value her advice on any consumer/web business plan.
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Older than a year by non-portfolio founder
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Tim is Awesome but Don't Get Bogged Down with Associates
Tim may come off as a bit crazy but I really liked him when I spoke to him. He's sincere and really believes in what he's doing. He said that when he asks entrepreneurs why they are doing their start-up, he doesn't fund the 8/10 who say, "To make myself rich" or the 1/10 who say "To make my investors rich", but rather the 1/10 who say "Something is wrong and I have to fix it." Tim is great.
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Radio Silence...
After a review of our executive summary, was asked to send a detailed business plan, now over a month ago. No response despite email follow-ups.
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Dfj India
We've met all the big name VCs in India. We got termsheets from a couple & closed on one.
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Josh Stein is a Class Act: One to Try to Get Into Your Company
I actually cannot speak to all of DFJ, but Josh was pretty unique when we pitched him. First of all, he was both confident and thoughtful enough (a rare combo) to listen to a pitch and during it go from disposed against investing to disposed in favor. That's rare. Second, in what sounds like a small gesture but was a first for me, he liked our deck enough to ask if he could share it with another non-competitive portfolio company. I've seen so many 'confidential' decks passed around over the years -- but Josh was the first to actually ask if he could forward. Class act.
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Older than a year by non-portfolio founder
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Might Waste Your Time
We got an e-mail of interest direct from Tim; directed us to work with Nate his associate. Never heard from Nate, then got an e-mail later from staff passing. Odd slightly schizo behavior. On the upside time wasted was not that much, just weird.
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Older than a year by non-portfolio founder
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Dfj Wants "Passion"
A few months ago we presented to Ravi Belani at DFJ. He's a really sharp guy, he got the idea and gave us some good insight. Later we came in for a second meeting (again with Ravi), were he told us they really loved the idea but they probably weren't going to do the deal because we didn't have any passion other than for making money.
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Tim and the Gang
Tim does live up to the hype -- if you get to meet him. This firm does have have a phalanx of associates: treat them well, get them jacked up and then you get to meet Tim. They didn't do our deal, but will make intros to angels if they like you (like being weight-listed I guess)
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Best for Very New Ideas
Fast thinkers, fast movers. Tend to make lots of bets, including multiple bets in one industry if needed. They love crazy business models - the kinds of things most VC's would shy away from. True VENTURE investors.
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Rolodex to Die for
Tend to back what originally seems like a edgy or out there idea. Tim Draper is definitely a unique character. Tend to see ahead of the curve and adventurous e.g. investing in Vietnam and Ukraine. The sort of people you WANT to work with.
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Older than a year by non-portfolio founder
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Opinions
Get them if you can.
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Older than a year by non-portfolio founder
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Get on Tim's Radar
DFJ is an excellent fund and very professional. They will leave you alone, if that is what you want, and they are very responsive to getting paperwork done on your behalf. However, they have a lot of contacts that could prove useful...
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