Independent rating of InterWest Partners VC fund
Overall rating:
17 reviews
About InterWest Partners VC fund
Website:
Founded:
1979
Number of funds:
1
Number of investments:
425
Number of exits:
121
Headquarters:
Organization type:
Venture Capital
How InterWest Partners VC fund invests
Rounds:
Average ticket size:
9.73M USD
Smallest investment:
143K USD
Biggest investment:
32.9M USD
Would lead round:
Yes
Would coinvest:
Yes
Countries where invested:
Sectors of interest:
Software, Medical Device, Health Care, SaaS, Enterprise Software, Cloud Computing, Warehousing, Transportation, Subscription Service, Pharmaceutical, Mobile Apps, Marketplace, Marketing, Lifestyle, Information Technology, Fashion, E-Commerce, Digital Marketing, Customer Service, Content Marketing, Commercial, Biotechnology, Biopharma, Billing, Big Data, Analytics
Founders' reviews of InterWest Partners VC fund
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Older than a year by non-portfolio founder
Investing Out of Fund X, Closed 8/2008. $650 M
The description on Interwest needs to be updated as they are currently investing out of Fund X which was closed in 2008 for $650M.
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Shake Up in Med Tech Practice
Following their April announcement of renewed focus on social/mobile/web, is their life-sciences focus diminished??
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Great Reputation, but No Longer Doing Texas Deals
Interwest has great history and heritage in Texas, but seems to have lost its interest in the hunt for great Texas deals. Unlike Silicon Valley, where VC's don't ever have to hunt for a great deal, in Texas you have to hunt. Hunt hard. But I guess we all should keep trying them. The firm has money, and retains a good reputation.
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Doug Pepper is All Class
I had the opportunity to work with Doug Pepper recently. Not only was Doug responsive and provided great advice. He was truly interested in helping and developing long term relationships. I highly recommend Doug for Software and Digital Media deals.
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Victor is Great
We met with Victor Westerlind early in our fundraising cycle. Although InterWest did not decide to invest, Victor has continued to help and support us. He guided us efficiently through the process and was very open with his feedback. I would readily work with him in the future.
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One of the Best Venture Funds
InterWest is one of the best venture funds out there. Straightforward, realistic, and as trustworthy as anyone can be in the financial world.
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Operations Experience: the Real Deal
The guys are the real deal when it come to operating experience. The best part of this firm is that there are no Associates (wet behind the ear kids). Ron Nash, Bruce Cleveleand and Doug Pepper all have had significant operating roles. They were extremely professional with us and told us teh process - and stuck to it and followed it all teh way through. The discussions with them are about products and markets and revenue generation challenges/opportunities. They have very STRONG networks and get to work quickly in due diligence (75% of the time doing market due diligence). If you need real world experience with new market creation and domination experience at your board, go with these guys .
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Open and Honest in Dealingw with Entrepreneurs.
I have had several meetings with Nina over the years and have developed a respect for her insightful questions, her feedback and candor in terms of next steps, and honesty for the reasons behind decisions when it was not to proceed.
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Flip is One of the Best
Worked with Flip in 2 companies. He is smart, practical, and understands business. He is the only VC I have ever met who really understands the sales process, channels, distribution, and the tactics of partnering.
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Good Guys, but Unimpressive Questions
We pitched them twice at the behest of our syndicate and just never felt that they got it, despite a lot of domain experience. Tom Rosch seemed like a good guy, personable and smart.
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Always There; Always Helpful.
I am a serial entrepreneur and have had the opportunity to work with many VCs on Sand Hill and otherwise. InterWest is by far the best - both prefunding and postfunding. They take a practical and judiciously hands-on/hands-off approach and really help you build the business any which way they can. Clean term-sheets, good business logic and strategic/big-picture thinkers. It is a pleasure working with Flip Gianos, Doug Pepper, Mike Boich, et al.
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Good to Work With
InterWest funded my company, and overall I'm very happy with the experience. They moved quickly, and were fair to deal with at ever stage. If there is anything I don't like, it is that I don't feel they are very effective at providing much networking among the partners there -- I find it hard to draw upon the collective experience of the partnership.
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Willing to Learn
Doug Pepper is strong. He dedicated a lot of time to us during due diligence and, most importantly, was willing to learn with us through the process. Really solid and would heartily recommend Doug to others.
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Thumbs Up
Most of the team is both smart and polite. If they don't know it will bring in a partner who does. Flip is a bit of a good old boy.
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Doug Pepper Was Great
Quick, respectful. Willing to listen and learn what he doesn't know. I'd go to him anyday!
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Appreciate Their Attention to Detail
I pitched to this fund and they turned me down, but I appreciated the way that they went about the due diligence. Bruce Cleveland also has a nice no-bs style that reflects well on the fund.
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Inter West: Beyond the Funding
As a relative newcomer to the startup CEO role, it was extremely helpful that InterWest delivered more than just financing. They have driven real operational value for us by tapping into executive networks and providing critical introductions. If you're building a SaaS business and looking for a true financing partner, you must talk to these guys.