The LLC-philanthropic family office model has been replicated with the Chan Zuckerberg Initiative which serves as the investment vehicle for Facebook co-founder Mark Zuckerberg’s philanthropic efforts. The office is set up as an LLC rather than a traditional philanthropic non-profit or trust, to allow for the ability to invest in private companies, non-profits and contribute to political campaigns. Key Investment Professionals: Brad PowellĮmerson Collective is the family office tasked with executing the philanthropic vision shared by Laurene Powell Jobs and her late husband, Apple co-founder Steve Jobs. The firm’s name stems from the North Bayshore section of Mountain View, California where Google is headquartered.įamily Associated: Steve & Laurene Powell Jobs Brin who has a net worth of $36.8 billion, launched Bayshore in 2006, two years after Google’s IPO. Key Investment Professionals: Marie Young, George Pavlovīayshore is the family office tasked with managing Google co-founder Sergey Brin’s wealth. AME investments include Treasure Data, a cloud service for big data Zymergen a biotech firm and Ozlo, an AI assistant. “Ame” is the Japanese word for rain, a nod to the firm’s investment thesis that data will be the leading growth catalyst in the next generation of companies. Yang is the sole LP and the firm invests in seed- to late-stage tech companies that build infrastructure and value chains around data. Key Investment Professionals: Nick Adams, Chihyu "Wretch" Chien, Jeff ChungĪME Cloud Ventures was founded in 2012 by Jerry Yang, the founder and former CEO of Yahoo!, Inc. Hillspire is managed by Chuck Chai, a former Treasury official and hedge fund executive. Schmidt is the former CEO of Google from 2001-2011 and current executive chairman of Alphabet, Inc. Hillspire manages more than $5 billion of Eric Schmidt and his family’s wealth. Key Investment Professionals: Chuck Chai, Scott Olle, Lauren Pressman
In part because of this extensive network, Iconiq has been able to participate in investment rounds in 11 unicorn companies, including, Uber, Flipkart, The Honest Company and Apttus. The client list is a who’s who list of Silicon Valley, including Sean Parker, cofounder of Napster Reid Hoffman, LinkedIn Drew Houston, Dropbox and Sheryl Sandberg, Facebook. Iconiq was launched in part to manage Facebook founder and CEO Mark Zuckerberg’s wealth, but now boasts $16.7 billion in assets under management. Iconiq is a multi-family office that was founded in 2011 by financial adviser Divesh Makan and partners Chad Boeding, Michael Anders and William Griffith. Key Investment Professionals: Divesh Makan, Chad Boeding, Michael Anders, William Griffith, Matthew Jacobson Source of Wealth: Facebook, LinkedIn Corp., Dropbox, Napster From 1995 to 2014, Larson delivered a compound annual return of around 11%, according to a Financial Times article.įamilies Associated: Mark Zuckerberg, Sean Parker, Reid Hoffman, Drew Houston, Sheryl Sandberg While asset allocations are a closely held secret, Cascade has more than $28 billion invested in public securities and bonds, real estate, timber assets and private equity, according to a Wall Street Journal article from 2014. Gates in 1993, has taken a diversified portfolio management approach, investing across alternative asset classes and geographies. Chief Investment Officer Michael Larson, who was hired by Mr. Key Investment Professionals: Michael Larson, Alan HeubergerĬascade is the family office tasked with overseeing Microsoft co-founder Bill Gates’ personal wealth, the Bill and Melinda Gates Investments (BMGI) and the Bill & Melinda Gates Foundation Trust.
In fact, 41 of the richest Americans on the Forbes 400 reside in Silicon Valley, and given the positive outlook on the 2017 IPO market, that number will surely grow.īelow Trusted Insight profiles the family offices managing the fortunes built in and around Silicon Valley. This concentration of corporate success has created a vast network of high net worth founders and executives. Today the valley hosts nearly 40 companies on the Fortune 1000 list, a hundred private ‘unicorn’ companies valued at more than $1 billion and thousands of fledgling startups striving to be the next company to change the world. By any measure Silicon Valley has exerted an outsized influence on the tech industry and the world as we know it.
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