Following Ted Schlein’s departure from Kleiner Perkins, he launched Ballistic Ventures two years ago with a $300 million fund. Now, the firm has closed a second fund, surpassing expectations.
Rapid Growth:
Ballistic Ventures quickly secured $360 million for its second fund, exceeding its initial target of $300 million. Despite the challenges posed by the current VC market,
the firm attracted substantial interest from limited partners (LPs), showcasing confidence in its strategy and potential.
Founder-Centric Approach:
In contrast to some VC firms, Ballistic Ventures adopts a hands-on approach with its startups. The team actively engages with founders,
leveraging their expertise and extensive network in the cybersecurity domain to drive growth and success.
Innovation and Experience:
Led by industry veterans like Ted Schlein, Jake Seid, Roger Thornton, and Barmak Meftah, Ballistic Ventures brings a wealth of experience to the table. With a focus on cybersecurity, the firm leverages its collective knowledge to guide portfolio companies towards success.
Early Success Stories:
Despite being relatively new, Ballistic Ventures has already seen success with exits like Talon Cyber Security, acquired by Palo Alto Networks.
By strategically selecting early-stage startups and actively participating in their development, the firm positions itself for further achievements.
Strategic Investments:
By being the first institutional investor in its portfolio companies, Ballistic Ventures maintains control and safeguards its investments against unfavorable terms.
This proactive approach enables the firm to nurture promising startups and mitigate risks effectively.
Future Prospects:
Looking ahead, Ballistic Ventures aims to further expand its portfolio and capitalize on emerging opportunities.
With Fund 1 nearing full deployment and promising startups in the pipeline, the firm is poised for continued growth and success in the cybersecurity landscape.
Conclusion:
Ted Schlein’s Ballistic Ventures has quickly emerged as a prominent player in the venture capital scene, securing significant funding and delivering tangible results in a short span.
With a steadfast commitment to innovation and hands-on support for founders, the firm is well-positioned to shape the future of cybersecurity startups.
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