Clearstone Venture Partners is an early stage venture capital

Venture capital

Venture capital is financial capital provided to early-stage, high-potential, high risk, growth startup companies. The venture capital fund makes money by owning equity in the companies it invests in, which usually have a novel technology or business model in high technology industries, such as...

 firm focused on IT investing with offices in Santa Monica, CA, Palo Alto, CA, and Mumbai, India. Founded in 1997, as Idealab

Idealab

Idealab is a business incubator based in Pasadena, California.-History:Idealab was founded by Bill Gross in March 1996...

 Capital Partners, Clearstone is responsible for the early-stage funding of many successful startups including 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....

(IPO, acquired by eBay), Overture.com (IPO, acquired by Yahoo), Internet Brands/CarsDirect (NASDAQ: INET), NetZero/United Online (NASDAQ: UNTD), MP3.com (IPO, acquired by Vivendi), Meru Networks (NASDAQ: MERU), Integrien (acquired by VMware), Ankeena (acquired by Juniper), Kazeon Systems (Acquired by EMC) and Mimosa Systems (acquired by Iron Mountain).

Managing Directors

• Bill Elkus, Founder
• Jim Armstrong
• William Quigley
• Sumant Mandal
• Erik Lassila

External links

• Clearstone Venture Partners