Neil Mehta is an American venture capitalist and founder and managing partner of Greenoaks Capital,[1] a venture capital investment firm that makes long-term investments in technology companies around the world. Mehta's investments have included stakes in companies including Coupang, Rippling, Wiz, Databricks, Stripe, Canva, and Figma[citation needed]. Mehta lives in the Pacific Heights neighborhood of San Francisco, California, with his wife Jasheen.[2][3][4]

Early life and education

Mehta grew up in Atherton, California and attended the Harker School in San Jose, California.[5][6] When he graduated from high school in 2002, he was part of Harker's first high school class.[5] He then enrolled at the London School of Economics where he graduated with a degree in government and economics,[7] and founded an investment club focused on private equity. After graduating, Mehta invested in private businesses with Kayne Anderson Advisors, before joining the hedge fund D.E. Shaw in Hong Kong, where he worked on special situations investments in Asian real estate and technology. [6]

Career

Mehta was among the earliest investors in the Korean eCommerce company Coupang, where he remains on the board.[8] Other early investments included a stake in the Indian hotel group Oyo Rooms, which returned 25x its original investment.[6] More recently, Mehta has led investments in businesses such as Rippling, in which Greenoaks made a $500 million investment in the wake of the collapse of Silicon Valley Bank.[9]

Bloomberg reported that Mehta warned his portfolio companies about the risks at Silicon Valley Bank in November 2022, five months before the bank collapsed in March 2023.[10] Business Insider reported that, because of the warning, around 12 of the companies withdrew an approximate, combined, $1 billion from the troubled bank prior to its collapse.

In 2024, Mehta purchased seven properties on Fillmore Street in Pac Heights, including the Clay Theatre, through a series of LLCs.[2][3] He later announced that the properties were purchased to revitalize the area.[11]

Mehta is a fan of Batman, and named one of his funds Carmine, "after the mob boss and frequent Batman enemy."[7] Mehta's name appears in the Paradise Papers.[12]

Philanthropy

In 2022, Mehta created The Mehta Endowment in Support of Scholarships and Entrepreneurship at his alma mater, the Harker School, with a $5 million donation and up to $5 million more in matching funds.[5]

Awards and recognitions

References

  1. ^ "Tech investor sparks displacement fears in the Fillmore. The truth is more complicated". Retrieved 10 Feb 2025.{{cite web}}: CS1 maint: url-status (link)
  2. ^ a b Staff, T. R. D. (2024-04-15). "VC Neil Mehta buys seven storefronts in SF's Pacific Heights". The Real Deal. Archived from the original on December 25, 2024. Retrieved 2025-02-02.
  3. ^ a b Waxmann, Laura (April 15, 2024). "Several buildings on this ritzy S.F. street are quietly selling at high prices. But who's buying?". The San Francisco Chronicle. Archived from the original on April 16, 2024.
  4. ^ "Harker Magazine Spring/Summer 2023 by The Harker School - Issuu". issuu.com. 2023-06-26. Archived from the original on February 2, 2025. Retrieved 2025-02-02.
  5. ^ a b c "Neil Mehta '02 announces new scholarship endowment". Harker News, The Harker School. 2022-04-28. Retrieved 2025-02-02.
  6. ^ a b c Weinberg, Cory (March 1, 2024). "Investor Neil Mehta Answers the Panic Button". The Information. Archived from the original on April 24, 2024. Retrieved 2025-02-02.
  7. ^ a b Kruppa, Miles (2021-04-02). "Publicity-shy VC firm Greenoaks has bumper year". Financial Times. Archived from the original on February 13, 2024. Retrieved 2025-02-02.
  8. ^ "Coupang - Governance - Board of Directors". ir.aboutcoupang.com. Retrieved 2025-03-02.
  9. ^ Loizos, Connie (2023-03-17). "A $500 million term sheet in 12 hours: How Rippling struck a deal as SVB was melting down". TechCrunch. Retrieved 2025-03-02.
  10. ^ Rosen, Phil. "A $15 billion VC firm warned its startups of Silicon Valley Bank's red flags months ago and they withdrew $1 billion ahead of the turmoil". Markets Insider. Retrieved 2025-02-04.
  11. ^ Waxmann, Laura. "Longtime S.F. restaurant wins fight to stay on Fillmore with controversial landlord, for now". San Francisco Chronicle. Archived from the original on 2025-01-16. Retrieved 2025-02-26.
  12. ^ "NEIL MEHTA | ICIJ Offshore Leaks Database". web.archive.org. 2025-02-02. Retrieved 2025-03-02.
  13. ^ "Neil Mehta". Forbes. Archived from the original on July 19, 2024. Retrieved 2025-02-02.
  14. ^ "30 Under 30 - Finance". Forbes. Archived from the original on February 2, 2025. Retrieved 2025-02-02.
Allikas: https://en.wikipedia.org/wiki/Neil_Mehta
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