2023

Mid-year Review

Sharing highlights from the past 6 months including $955 million raised across our two latest funds, founder journeys & insights, and the Mayfield Way - it’s been a wild ride in Silicon Valley (to say the least), but we’re eternal optimists in the power of entrepreneurs to build a bright future.

Sharing highlights from the past 6 months including $955 million raised across our two latest funds, founder journeys & insights, our Managing Partner's 15th appearance on the Midas List and the Mayfield Way - it’s been a wild ride in Silicon Valley (to say the least), but we’re eternal optimists in the power of entrepreneurs to build a bright future.

LET'S GO

News Spotlight

Announcing $955 Million Across Two New Venture Funds

We announced the raise of $955 million across our 2 latest funds, Mayfield XVII ($580M) and Mayfield Select III/Spring ($375M). With these we have $3B in AUM to champion entrepreneurs at the inception and early stages of company formation.

Naver Completes $1.6B Poshmark Acquisition

Congratulations to Manish, Tracy, Gautam, Chetan and the entire Poshmark team on their acquisition by Naver! We’re honored to have served as the first-in and last-out investor and are excited for the next phase of their journey.

Navin Chaddha Ranked #5 on 2023 Forbes Midas List

Thanks to the hard work of entrepreneurs like the Poshmark team and many others, our Managing Partner Navin Chaddha made his 15th appearance on the Midas List this year.

The Mayfield Way

Everything we do is guided by a set of operating principles and values we call the Mayfield Way, which has 6 core tenets.

01 Living People First

Many of our founders are repeat entrepreneurs and experienced leaders who have navigated prior downturns. Here is their wisdom of the trail.

Don’t think about saving or spending your cash. Think about managing it. You can’t save your way into growth, and you can’t spend your way to product market fit."

Christina Ross, Co-founder & CEO, Cube

Conserve cash. Get comfortable being uncomfortable in the era of multiple time zones. Insist that employees sleep more, given everything around us."

Dheeraj Pandey, Co-founder & CEO, DevRev

Raise money when you don't need it; make it last twice as long; don't try to maximize pre-money value, be prudent and keep it to a modest up-round."

Seshu Madhavapeddy, Co-founder & CEO, Frore Systems

In life, you become what you think about the most. So, stop any negativity. Your job as a founder is to deliver on your vision, and lead your team to it. You can only do it with energy, commitment, and conviction."

Manny Medina, Co-founder & CEO, Outreach

Accept the facts and the changing reality as quickly as you can. Don't resist. If you can anticipate a little bit of where the puck is going, particularly from the demands for both investors and for the market, you can prepare a bit better."

Manish Chandra, Co-founder & CEO, Poshmark

Don't just adjust fashionably, while following the crowd. Rely on your own data, seek for leading indicators, and adjust upwards or downwards as appropriate."

Rehan Jalil, Founder & CEO, Securiti

02 Acting With Conviction

It took unwavering focus to stick to our roots in early stage investing during the bull market of the last decade, but we followed our own North Star. In the first half of 2023, we welcomed 4 inception and early stage companies to the Mayfield family (plus 5 in stealth).