The landscape for technology investing has never offered more opportunity, never been as fascinating, never shown the breadth with which it reaches all parts of society and never been as fast-paced as it is today. It is astounding to see innovation and entrepreneurship emerge across the globe, and for us, to assist and take part in it.
And while the well-documented concern about private market valuations and public market turbulence present serious and challenging issues today, the potential impact of venture capital to assist entrepreneurs in creating the future continues to irrevocably expand.
Recently, we closed our latest series of U.S. venture capital funds totaling $2 billion. Our commitment and passion over the firm’s 30+ years continues: to invest in and partner with the most extraordinary people and companies from their earliest days through all phases of their growth as private companies.
We are fortunate to have as our limited partners a group of highly respected and forward-thinking organizations who do irreplaceable and impactful things globally. The entrepreneurs who succeed in remaking the status quo through better application of technology also help indirectly finance innumerable research projects and programs in medicine and health, education, energy and the environment, agriculture and more. The hard work and accomplishments of technology entrepreneurs are amplified to achieve an even greater global good. We enjoy playing our small part in making that possible.
We’re especially grateful, though, to the entrepreneurs across our portfolio, past and present. It’s these entrepreneurs, after all, who have built and continue to build companies of merit and true significance, and it’s a privilege to share in their journey.
Earlier this year, we outlined some areas that we find interesting. We’ll continue to help build the future through the next generation of entrepreneurs who will undoubtedly look to solve immense problems and take on the seemingly insurmountable task of building the next great technology businesses. The entrepreneur’s work is not for the faint of heart, nor should be ours if we respect our role to support them.
There are no shortcuts. So let’s get to work.