OVP Venture Partners

OVP Venture Partners is a venture capital firm specializing in early-stage technology-based companies.

9 reviews

Independent rating of OVP Venture Partners VC fund

Overall rating:
9 reviews
Team quality
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Professionalism
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Integrity
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Respect and decency
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Experience
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Relevant expertise
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Investment process
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Clarity of the process
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Ease of the process
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Due diligence
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Value add
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Supportiveness
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Value add beyond financing
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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 OVP Venture Partners VC fund

Founded:
1983
Number of funds:
2
Number of investments:
117
Number of exits:
32
Headquarters:
Organization type:
Venture Capital

How OVP Venture Partners VC fund invests

Portfolio - latest investments by OVP Venture Partners VC fund

Founders' reviews of OVP Venture Partners VC fund

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Older than a year by non-portfolio founder
It's Over for This Outfit
This recent article paints an ugly picture; game seems to be over for these guys. <a href="http://www.xconomy.com/seattle/2012/03/21/ovp-looking-for-a-home-run-hits-a-bunt-single-with-complete-genomics/" target="_blank">http://www.xconomy.com/seattle/2012/0...</a>
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Pleasant, Attentive Pitch but Unresponsive
Pitched to Mark and Chad. Very relaxed atmosphere, they paid attention (no texting or email thank goodness!) and asked reasonable questions that showed they were listening. They offered some advice regarding how I could have made the pitch better, including "We can see why this would be a nice-to-have, but what would make it a must-have?". Fair question. The meeting ended with them saying they would consider next steps and get back to me. I followed up with thank you email and several "must-have" examples. Weeks went by with no word. Sent another email asking for thumbs up/down. Weeks later no word.
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Ovp Venture Partners
I always go by what Harry Truman said, you shouldn't little of what you read and only half of what you hear.
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Fired "For Cause" by the VC's
My review of OVP received a healthy dose of feedback by people who found it instructional as a general scenario. Here I offer some more thoughts and advice about about my experience being "fired for cause" by OVP, which is what got the most attention, and which too, may have implications in dealing with VCs in general.
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Beware: Terrible Performance!
OVP led our financing at NanoString, very regular VC firm in manners. Historical performance of OVP is terrible (most funds in the bottom quartile, with exception of OVP IV in the 90s), and from my experience this is not a fluke. Nevertheless, they somehow manage to raise tons of money from LPs, which needs to be deployed, so it's probably worth pitching to them. However, if you close with them, make sure to minimize their influence on the business, or the money you raise may come at the cost of ruining your startup.
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People, People, People....And Wysiwyg
As with many firms, your traction with OVP will depend significantly on who you are dealing with.
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Just Let Me Know the Status
Pitched OVP and they seemed very interested during the meeting. Followed up weeks later to get feedback and never got any sort of status update. OVP please follow the golden rule and simply have your administrative assistant email the entrepreneurs yes or no. Entrepreneurs have very thick skin..we can handle bad news; but we have no patience for lack of follow up after we have given you our valuable time.
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Only Worth It if You Get Chad
Having dealt with OVP for a few years I can say, only take their money if you do the deal with Chad Waite and he serves on your BOD. He is smart and does not have a big ego. They others .... I would pass.
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Frustrated with Ovp
Surprised when some people here made OVP such great compliments . My experience was not good with them. It was waste of time.
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