– Golden Gate Bridge
Opportunity & Philosophy
Our investment thesis seeks to capitalize on two anomalies within the venture capital asset class: 1) over the last 30 years, the best venture investment returns have been concentrated within the top 50 venture capital firms, and 2) investments in companies that are further along in their development (post-product, post-revenue) tend to produce more stable risk-adjusted returns.
Pacific View Ventures seeks to co-invest in later stage venture-backed companies. Our investment team has long-standing relationships with top-tier venture capital firms that allow them to co-invest in later round financings on the same terms and in the same securities. Our process and approach enables us to make smaller investments within the larger overall capital raise, making us an ideal partner for both the lead venture capital firm and the issuing company. We identify and invest in companies that we believe show a strong likelihood of a successful exit within 24-36 months of investment. We employ a quantitative, rules-based investment approach to our portfolio company selection process, which we have refined since its implementation in 2007. The investment thesis intends to produce a portfolio diversified across several verticals representative of vintage, as well as across top decile venture capital sponsors. We intend to invest in 15-25 companies that we believe have compelling growth prospects.
As an industry veteran, Joan has over 20 years of industry experience raising capital for technology companies in the late-stage venture space backed by Kleiner Perkins, Benchmark Capital, Doll Capital, Sequoia Capital, Khosla Ventures, and others. Over the course of her career, she has secured lead investors and negotiated terms for more than $1 billion in completed transactions. Her depth of experience has led to the development and implementation of a disciplined investment approach to late-stage venture opportunities. Most recently, she has implemented her investment strategy through the launch and day-to-day investment management of a private venture fund. In January 2017, she and her partner Brian O’Keefe joined Pacific View Asset Management, LLC where they continue to run the venture strategy. Joan’s approach was been shaped by the early years of her career in business development, product development, and management roles for firms with highly quantitative investment approaches including AXA Rosenberg and Dimensional Fund Advisors. Joan was also a member of the founding team responsible for the 1999 launch of OffRoad Capital, the first internet-based private equity market. Joan began her career in institutional sales with Montgomery Securities and Robertson Stephens.
Joan earned her BS from University of California, Berkeley. She is also a World Champion Masters Swimmer and a record-holder for her English Channel crossing.
Partner and Chief Investment OfficerBrian joined Pacific View Asset Management, LLC in January 2017, as Partner and Chief Investment Officer for the PVAM Select Venture Growth strategy. A seasoned professional, Brian has over 10 years of experience with venture capital investments, having worked on financings in excess of $400 million for companies backed by well-known venture firms such as Kleiner Perkins, New Enterprise Associates, Benchmark Capital, Morgenthaler, Menlo Ventures, Sequoia Capital, and Khosla Ventures. Brian has a deep knowledge of, and broad experience in, financing, mergers and acquisitions and operational excellence having served as an operator within medical, marketing and advertising technology companies at an executive level. He has particular expertise in enterprise software, BPO, advertising and marketing technology, wireless technology, technology-enabled services, and infrastructure software.
Brian earned an MBA from The University of Chicago Booth School of Business with concentrations in finance and economics, an undergraduate degree in biomechanics from Marquette University, and served as an Armor Officer in the US Army stationed in Germany and Bosnia-Herzegovina.