Ron Conway
< Super Angels to Super VCs: The Changing Face of Venture Capital
< Agenda Monday Sept 27, 2010
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By Tomio Geron Ron Conway, known as the as one of the most prolific and successful angel investors in Silicon Valley, has done surprisingly little analysis of all the companies in his portfolio. Conway, who invested in more than 500 companies over the last 12 years, including Ask Jeeves Inc., Google Inc. and PayPal Inc., said he only recently began analyzing all his companies, their outcomes, and the factors that make them successful. Conway talked about his portfolio at a TechCrunch conference at Stanford University Friday. In the past, Conway has said his portfolio’s performance was split one-third between companies going out of business, selling and returning just enough money to cover the investment, and generating big returns – “2x to Google-x returns.”
In February we reported that legendary angel investor Ron Conway was raising a small seed fund for SV Angel from outside investors – which is notable because for the last decade or so he has only invested his own money in startups. Today Conway came by our studio for an unscheduled talk and right off the bat announced that the new fund is now closed, and that over demand led the SV Angel team to double the size of the fund to $20 million. Around fifteen investments have now been closed in the new fund. Conway also spoke about the big trends in tech right now.
Ron Conway is an American angel investor , often described as one of the " super angels ". [ 1 ] Conway is recognized as a strong networker [ 2 ] and is based in Silicon Valley . [ edit ] Early career A former salesman who had made a fortune in the computer business, Conway knew little about technology on his first entry to the business. [ 3 ] Ron Conway graduated from San Jose State University [ 4 ] with a Bachelor's Degree in Political Science . Conway previously worked with National Semiconductor Corporation in marketing positions (1973–1979), Altos Computer Systems , as a co-founder, President and CEO, (1979–1990) and Personal Training Systems (PTS) as CEO (1991–1995).