Steve Jurvetson

Steve Jurvetson
Jurvetson in 2014
Born Stephen T. Jurvetson
(1967-03-01) March 1, 1967
Arizona, U.S
Alma mater Stanford University
Occupation Founder and Managing Director, Draper Fisher Jurvetson
Spouse(s) Karla Jurvetson (1997-2015)

Stephen T. Jurvetson (born March 1, 1967) is an American businessman and venture capitalist. He is a cofounder and former partner of Draper Fisher Jurvetson (DFJ).[1][2] Current board seats include Synthetic Genomics, Planet Labs, Nervana Systems (acquired by Intel),[3] Flux, D-Wave, SpaceX,[1][4] and Tesla[5]. He was a venture capitalist investor in Hotmail.[6] He also led the firm's investments in Tradex and Cyras (acquired by Ariba and Ciena, respectively).

Early life and education

Jurvetson's father Tõnu Jürvetson fled Estonia through Germany just before Soviet re-occupation in 1944. Tõnu was married to another Estonian immigrant, Tiiu Tia Jurvetson. Even though within the family, the Estonian language was used, Steve never learned it and his parents used it as a secret language between themselves.[7] Steve Jurvetson was the first non-European to become an e-resident of Estonia.[8]

Career

The first production Tesla Model S (with owner Tesla Board member Steve Jurvetson) in June 2015, three years after the car's market release.

Jurvetson graduated from Dallas's St. Mark's School of Texas in 1985. At Stanford University, Jurvetson finished his degree in electrical engineering in 2.5 years[6] and graduated No. 1 in his class. He then earned an M.S. in electrical engineering and an M.B.A., also from Stanford. His first job out of Stanford[9] was an R&D engineer at Hewlett-Packard (HP). After two years at HP, he moved on as a product marketer at Apple and then NeXT Software.[10] As a consultant with Bain & Company, Jurvetson developed executive marketing, sales, engineering and business strategies for a wide range of companies in the software, networking, and semiconductor industries.[11] He first joined DFJ after his second year of business school, and became a partner after proving his talent on several investments.[12]

Jurvetson was named to Forbes' "Midas List" of Tech's Top Investors in 2011, 2012, 2013, 2014, and 2016.[11][13][14][15][16][10]

Deloitte named Jurvetson "Venture Capitalist of the Year" in 2012.[17]

Jurvetson was named to the MIT TR35 in 1999 for "recognize young entrepreneurs who can deliver", including making the first investment in Hotmail.[18]

Jurvetson and DFJ were early financial backers of Elizabeth Holmes and Theranos and continue to be supportive of this controversial enterprise.[19]

On November 13, 2017, Jurvetson stepped down from his role at DFJ Venture Capital after the firm conducted an investigation into allegations of sexual harassment.[20]

In April 2018, Jurvetson started a new venture fund named Future Ventures.[21][22]

See also

References

  1. 1 2 Bort, Julie (2012-09-14). "Here's Why Investor Steve Jurvetson Saved Elon Musk's Space Dreams". Business Insider.
  2. Fehrenbacher, Katie. "Tesla investor Steve Jurvetson drives off in the first Model S". Gigaom.
  3. https://venturebeat.com/2016/08/09/intel-acquires-deep-learning-startup-nervana/
  4. DraperTV (28 January 2015). "SpaceX and Why they are Daring to Think Big - Investor Steve Jurvetson" via YouTube.
  5. Lindsey, Clark (2012-09-11). "Steve Jurvetson visits the SpaceX Grasshopper". NewSpace Watch. Retrieved 2012-09-11. (Subscription required (help)).
  6. 1 2 Deborah Gage; Ann Fernholm; Chronicle Staff Writers (June 6, 2008). "High-tech visionary still looking ahead". San Francisco Chronicle. Archived from the original on June 9, 2008. Retrieved 2008-06-06. Venture capitalists look for startups like Hotmail because these companies are disruptive – they blow up existing markets and create big new money-making opportunities. Fast-forward a decade and Jurvetson is making dramatically different bets. He's funding startups in electronics, nanotechnology, clean technology and life sciences that borrow techniques from biology to obtain more precise control over matter.
  7. "Jürvetson-seenior pöördus Eestisse pärast 60 aastat - Arhiiv - Postimees: Värsked uudised Eestist ja välismaalt".
  8. "Steve Jurvetson, business partner become first non-Europeans to receive Estonian e-residency card".
  9. Bill_Robinson (2012-08-29). "TechScape: Steve Jurvetson ... Not Your Garden Variety Venture Capitalist". Huffington Post. Retrieved 2017-04-20.
  10. 1 2 "Seat Of Power: Tesla And SpaceX Investor Steve Jurvetson". Forbes. 23 March 2016.
  11. 1 2 Robinson, Bill. "TechScape: Steve Jurvetson … Not Your Garden Variety Venture Capitalist". Huffington Post.
  12. Snider, David; Chris Howard (2010). Money Makers: Inside the New World of Finance and Business. New York: Palgrave Macmillan. p. 214. ISBN 0230614019.
  13. "#69 Steve Jurvetson". Forbes.
  14. "The Midas List: Tech's Top Investors 2013". Forbes. 5 May 2013.
  15. "Stephen Jurvetson on Forbes Lists #59 The Midas List (2014)". Forbes. 29 March 2015.
  16. "Stephen Jurvetson on Forbes Lists #97 The Midas List (2016)". Forbes. 11 March 2016.
  17. "Deloitte Names Steve Jurvetson of DFJ "Venture Capitalist of the Year"". Beta News. Archived from the original on 2013-04-07.
  18. "1999 TR35 Winners: Steve Jurvetson, 32". MIT Tech Review. 1999.
  19. CAROLINEYLCHEN, Caroline Chen. "Early Theranos Investor Stands by Blood Testing Startup".
  20. After Weinstein: A List of Men Accused of Sexual Misconduct and the Fallout for Each
  21. Steve Jurvetson is starting a new venture fund
  22. Confirmed: Six months after leaving DFJ, Steve Jurvetson is starting new venture firm
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