SAN FRANCISCO--(BUSINESS WIRE)--Maveron LLC, a consumer-only venture capital firm with offices in Seattle and San Francisco, today announced that it has hired David Wu as a Venture Partner in its San Francisco office. An entrepreneur and well-known angel investor, Wu will join Maveron’s San Francisco office to help identify emerging consumer Internet companies with the potential to become global leaders.
“Maveron’s mission has always been to partner with world-class entrepreneurs to build extraordinary consumer companies, and David lives by the same ethos,” said Dan Levitan, co-founder and partner at Maveron. “He has walked in the entrepreneur’s shoes and brings extensive strategic and operating experience from his years of working with startups; we welcome him to the Maveron team.”
Wu is an active angel investor and successful entrepreneur, with strong ties to the Silicon Valley entrepreneurial community. He has invested in over a dozen Internet startups, including Practice Fusion, Sociable Labs, Postmates, Beautylish, and Taulia. He is currently a member of the Board of Directors of Line2 and SeatMe. Wu also serves as the Internet Committee Chair on the deal screening committee for the Band of Angels, Silicon Valley’s oldest seed funding organization, and was previously an Executive-in-Residence at Redpoint Ventures.
“There are many cutting-edge consumer companies in the Bay Area, and Maveron has been expanding our San Francisco team to find and finance the most promising startups,” said Amy Errett, partner at Maveron. “David’s deep connections to the entrepreneurial community will help Maveron identify early-stage companies with the unique potential to become valuable consumer brands.”
Previously, Wu helped create Homestead.com, where he was chief product officer, COO and CFO, and grew the company to over 400,000 paying subscribers and its eventual acquisition by Intuit. He continued to work for Intuit, where he was a Vice President in the Small Business Group and managed a variety of businesses including QuickBooks Online and Intuit.com. He holds a B.S. in Electrical Engineering and a B.A. in Economics from Stanford University.
“Maveron is one of the only venture firms that truly ‘gets’ the entrepreneur mindset, and works hand-in-hand with founders to build world-class consumer companies,” said Wu. “I’m thrilled to join the team as a venture partner and look forward to jumping into the trenches to work with some of the best and brightest entrepreneurs.”
Maveron is a consumer-only venture capital firm focused on backing the best entrepreneurs in three sectors: web-enabled consumer services, education and wellness. Founded in 1998 by Dan Levitan and Howard Schultz, the firm has offices in Seattle and San Francisco. Active Maveron portfolio companies include zulily, General Assembly, Trupanion, Lemon, Pinkberry and Potbelly Sandwich Works. Past investments include high profile IPOs Capella Education, eBay, Groupon and Shutterfly. For more information about Maveron, visit www.maveron.com.