Ron Conway
Encyclopedia
Ron Conway is an American angel investor
, often described as one of the "super angel
s". Conway is recognized as a strong networker and is based in Silicon Valley
.
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). PTS was acquired by SmartForce/SkillSoft.
in Google
, Ask Jeeves and PayPal
. He began investing independently in 2005, and by 2006 had already achieved sixth place in the Forbes Magazine Midas list of top "dealmakers".
Some Valley observers, notably VentureBeat, have been critical of Ron Conway for his investments during the Internet boom, believing them to be "symbolic of the era’s hubris." Conway developed a reputation for throwing lavish cocktail parties and raising cash from a diverse group of celebrities, sportspeople, and political figures such as Henry Kissinger
, Arnold Schwarzenegger
, Tiger Woods
, and Shaquille O'Neal
, which he then ploughed into start-ups
.
Conway was embroiled in a conflict with other angel investors in the Angelgate
scandal of 2010, and in 2011 another controversy erupted around rumors of conflicts he had with entrepreneurs.
that aimed to predict the buyer's mood.
Among Conway's 500 or more investments are:
(CJD). He is on the development committees of UCLA, St. Francis High School, Sacred Heart Schools, The UCSF Medical Center
in San Francisco, Packard Children's Hospital, Legacy Ventures, and Ronald McDonald House at Stanford.
He is also on the Benefit Committee of the Tiger Woods Foundation.
Angel investor
An angel investor or angel is an affluent individual who provides capital for a business start-up, usually in exchange for convertible debt or ownership equity...
, often described as one of the "super angel
Super angel
Super angel investor is a term sometimes used to describe a group of serial investors in early stage ventures who are perceived to be particularly sophisticated, insightful, or well-connected in the startup business community, particularly with respect to technology companies in Silicon Valley,...
s". Conway is recognized as a strong networker and is based in Silicon Valley
Silicon Valley
Silicon Valley is a term which refers to the southern part of the San Francisco Bay Area in Northern California in the United States. The region is home to many of the world's largest technology corporations...
.
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. Ron Conway graduated from San Jose State UniversitySan José State University
San Jose State University is a public university located in San Jose, California, United States...
with a Bachelor's Degree in Political Science
Political science
Political Science is a social science discipline concerned with the study of the state, government and politics. Aristotle defined it as the study of the state. It deals extensively with the theory and practice of politics, and the analysis of political systems and political behavior...
.
Conway previously worked with National Semiconductor Corporation in marketing positions (1973–1979), Altos Computer Systems
Altos Computer Systems
Altos Computer Systems was founded in 1977 by David G. Jackson.It was acquired by Acer in 1990.- External links :*...
, as a co-founder, President and CEO, (1979–1990) and Personal Training Systems (PTS) as CEO (1991–1995). PTS was acquired by SmartForce/SkillSoft.
Investing
As founder and Managing Partner of the Angel Investors LP funds, he was an early stage investorInvestor
An investor is a party that makes an investment into one or more categories of assets --- equity, debt securities, real estate, currency, commodity, derivatives such as put and call options, etc...
in Google
Google
Google Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...
, Ask Jeeves and PayPal
PayPal
PayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....
. He began investing independently in 2005, and by 2006 had already achieved sixth place in the Forbes Magazine Midas list of top "dealmakers".
Dot Com era
Conway's first fund, Angel Investors I, raised and invested in 1998, generated a 7 times return, and his second, raised and invested during 1999, saw a 1.5 times return.Some Valley observers, notably VentureBeat, have been critical of Ron Conway for his investments during the Internet boom, believing them to be "symbolic of the era’s hubris." Conway developed a reputation for throwing lavish cocktail parties and raising cash from a diverse group of celebrities, sportspeople, and political figures such as Henry Kissinger
Henry Kissinger
Heinz Alfred "Henry" Kissinger is a German-born American academic, political scientist, diplomat, and businessman. He is a recipient of the Nobel Peace Prize. He served as National Security Advisor and later concurrently as Secretary of State in the administrations of Presidents Richard Nixon and...
, Arnold Schwarzenegger
Arnold Schwarzenegger
Arnold Alois Schwarzenegger is an Austrian-American former professional bodybuilder, actor, businessman, investor, and politician. Schwarzenegger served as the 38th Governor of California from 2003 until 2011....
, Tiger Woods
Tiger Woods
Eldrick Tont "Tiger" Woods is an American professional golfer whose achievements to date rank him among the most successful golfers of all time. Formerly the World No...
, and Shaquille O'Neal
Shaquille O'Neal
Shaquille Rashaun O'Neal , nicknamed "Shaq" , is a former American professional basketball player. Standing tall and weighing , he was one of the heaviest players ever to play in the NBA...
, which he then ploughed into start-ups
Startup company
A startup company or startup is a company with a limited operating history. These companies, generally newly created, are in a phase of development and research for markets...
.
Conway was embroiled in a conflict with other angel investors in the Angelgate
Angelgate
Angelgate is a controversy surrounding allegations of price fixing and collusion among a group of ten angel investors in the San Francisco Bay Area.-The issue:...
scandal of 2010, and in 2011 another controversy erupted around rumors of conflicts he had with entrepreneurs.
List of investments
Conway secured funds for, among ventures, a web site to supply veterinary medical supplies, a weight-loss site, a maternity site and an e-commerce company featuring a search engineSearch engine
A search engine is an information retrieval system designed to help find information stored on a computer system. The search results are usually presented in a list and are commonly called hits. Search engines help to minimize the time required to find information and the amount of information...
that aimed to predict the buyer's mood.
Among Conway's 500 or more investments are:
- AppNexus
- Ask Jeeves
- Aster Data SystemsAster Data SystemsAster Data Systems is a data management and analysis software company headquartered in San Carlos, California. It was founded in 2005 and acquired in 2011.-Products:...
- AttributorAttributorAttributor is a provider of digital content protection for the publishing industry. Its products enable publishers to identify and verify copy infringement, enforce authorized use, analyze market demand and monetize digital content.- Features :...
- Blip Networks
- BlippyBlippyBlippy is a social media sharing site operated from Palo Alto, California by a company of the same name, for users to post and follow each other's updates about their purchases of goods and services. It has been described as the "Twitter of personal finance", and is often compared with Twitter...
- Bring LightBring LightBring Light, Inc. is an American company that runs an online web service which helps charities reach new donors and raise funds. It is also a social network for donors to find charitable projects to support and to help those donors make a bigger difference by getting others involved.-Origins:Bring...
- BuzzFeedBuzzFeedBuzzFeed is a website that combines a technology platform for detecting viral content with an editorial selection process to provide a snapshot of "the viral web in realtime." Cofounded in 2006 by Jonah Peretti , BuzzFeed is located in SoHo, New York.-Homepage content:The BuzzFeed homepage consists...
- BuzzLogic
- CastTVCastTVCastTV is an Internet video search and aggregation company based in San Francisco, California. It was founded in 2006 by Edwin Ong and Alex Vikati...
- ClearspringClearspringClearspring Technologies is a web technology company based in McLean, Virginia, USA. Clearspring's AddThis sharing platform reaches 1.2B unique visitors monthly and is used by over 10MM web publishers to virally distribute and track content across blogs, social networks and other web sites...
- decentral.tv
- DiggDiggDigg is a social news website. Prior to Digg v4, its cornerstone function consisted of letting people vote stories up or down, called digging and burying, respectively. Digg's popularity prompted the creation of copycat social networking sites with story submission and voting systems...
- Fashism
- Fluther.com
- Foursquare
- Fraudwall
- KaboodleKaboodleKaboodle is a spelling derivation of the English word "caboodle", meaning a group, bunch, lot, pack, or collection of things or people. Caboodle is further derived from Boodle or booty...
- GoogleGoogleGoogle Inc. is an American multinational public corporation invested in Internet search, cloud computing, and advertising technologies. Google hosts and develops a number of Internet-based services and products, and generates profit primarily from advertising through its AdWords program...
- Hot Potato
- KnewtonKnewtonKnewton is an adaptive learning company that has developed a platform to personalize educational content. The Knewton platform allows schools, publishers, and developers to provide adaptive learning for any student. Knewton recently announced a partnership with Pearson Education to power the...
- MerchantCircleMerchantCircleMerchantCircle is a Mountain View, California-based start-up company which helps small businesses network with other local businesses and reach local customers through free marketing tools and social media features. Former CEO Ben T. Smith, IV co-founded the company in 2005...
- Mint.comMint.comMint.com is a free web-based personal financial management service for the US and Canada created by entrepreneur Aaron Patzer. Mint originally provided account aggregation through a deal with Yodlee, but has since moved to using Intuit for connecting to accounts...
- NapsterNapsterNapster is an online music store and a Best Buy company. It was originally founded as a pioneering peer-to-peer file sharing Internet service that emphasized sharing audio files that were typically digitally encoded music as MP3 format files...
- PayPalPayPalPayPal is an American-based global e-commerce business allowing payments and money transfers to be made through the Internet. Online money transfers serve as electronic alternatives to paying with traditional paper methods, such as checks and money orders....
- PBwikiPBwikiPBworks is a commercial real-time collaborative editing system created by David Weekly, with Ramit Sethi and Nathan Schmidt joining shortly thereafter as co-founders. Based in San Mateo, California, the company's original name stems from their belief that "making a wiki is as easy as making a...
- Perenety
- Rupture
- ScanScout
- SeesmicSeesmicSeesmic is a suite of freeware web, mobile, and desktop applications which allow users to simultaneously manage user accounts for multiple social networks, such as Facebook and Twitter....
- SteelHouse
- SquareSquare (payment service)Square is an electronic payment service, and the name of the card-reading device it uses. Square allows users in the United States to accept credit cards through their mobile phones, either by swiping the card on the Square device or by manually entering the details on the phone.-Creation:The...
- SwipelySwipelySwipely is an online service and social network where members can share purchases with friends. Users post and recommend purchases, see where their friends are spending and what their friends are buying...
- TellApart
- TwitterTwitterTwitter is an online social networking and microblogging service that enables its users to send and read text-based posts of up to 140 characters, informally known as "tweets".Twitter was created in March 2006 by Jack Dorsey and launched that July...
- vSocial
- Vook
- Vizu
- WeeblyWeeblyWeebly is an online, free widget-based Web site creator, funded by micro-seed fund Y Combinator. It uses a widget-style format, allowing users to create pages with only a few clicks by dragging and dropping different page elements onto a page and filling in the content...
- WePayWePayWePay is an online payment platform for individuals, groups, and organizations in the United States. The platform allows people to sell tickets, send invoices, sell items, and accept donations online...
- ZocDocZocDocZocDoc is an online medical appointment booking service. ZocDoc users search for doctors, dentists, and other health care providers by insurance type and location...
- ZooomrZooomr- History :Zooomr was created in 2005 by Kristopher Tate and Michael Van Veen of BlueBridge Technologies Group. On June 19, 2006, Thomas Hawk, a well-known photographer and blogger from San Francisco, was recruited by Zooomr as its so called "Chief Evangelist." On July 17, 2006, Zooomr released...
Philanthropy
Conway is active in community and philanthropic activities, serving as Vice Chairman of UCSF Medical Foundation in San Francisco and also as co-chair of the “Fight for Mike” Homer and Creutzfeldt-Jakob diseaseCreutzfeldt-Jakob disease
Creutzfeldt–Jakob disease or CJD is a degenerative neurological disorder that is incurable and invariably fatal. CJD is at times called a human form of mad cow disease, given that bovine spongiform encephalopathy is believed to be the cause of variant Creutzfeldt–Jakob disease in humans.CJD...
(CJD). He is on the development committees of UCLA, St. Francis High School, Sacred Heart Schools, The UCSF Medical Center
UCSF Medical Center
The University of California, San Francisco Medical Center is a world renowned hospital in research and a teaching hospital in San Francisco, California. It is one of the leading hospitals in the United States and with the UCSF School of Medicine has been the site of various breakthroughs in all...
in San Francisco, Packard Children's Hospital, Legacy Ventures, and Ronald McDonald House at Stanford.
He is also on the Benefit Committee of the Tiger Woods Foundation.