# Institutional Venture Partners

Institutional Venture Partners is a Venture Capital based in Menlo Park, United States.

## Overview

- **Organization type:** Venture Capital
- **Headquarters:** Menlo Park, United States
- **Region:** North America
- **Address:** Menlo Park, CA, United States
- **Founded:** 1980
- **Assets under management:** Undisclosed
- **Website:** www.ivp.com
- **LinkedIn:** https://www.linkedin.com/company/ivpvc
- **Wikidata:** Q6041183

## About

IVP is venture capital for the Exceptional, backing them with substance and soul. With five decades of experience, 400 companies, and 135+ IPOs and counting, IVP helps convert momentum into market dominance.

## Sectors

- Enterprise Software
- AI/ML
- FinTech
- Digital Health
- Cybersecurity
- Robotics & Automation
- Media & Entertainment

## Offices

- San Francisco, CA
- London, UK

## People

- Reid Dennis — Founder
- Somesh Dash — General Partner
- Eric Liaw — General Partner
- Tom Loverro — General Partner
- Jules Maltz — General Partner

## Questions

### Who runs investment decisions at IVP?

IVP's investment decisions are made by its General Partners, a group that includes Somesh Dash, Eric Liaw, Tom Loverro, and Jules Maltz. The firm operates a consensus-driven partnership model, requiring General Partner approval for major commitments. This structure has remained intact since founder Reid Dennis established the firm in 1980, contributing to IVP's reputation for disciplined, later-stage deal-making.

### How does IVP source proprietary deal flow?

IVP sources deal flow through four decades of relationships with founders, serial entrepreneurs, and co-investors in the Silicon Valley ecosystem. The firm's track record — over 130 portfolio company IPOs — creates an organic referral network from executives who have previously worked with IVP. This installed base, combined with the firm's London presence for European coverage, provides visibility into growth-stage opportunities that colder-inbound firms rarely see.

### Which sectors does IVP explicitly avoid?

IVP does not invest in hardware-heavy deep-tech, biotech, or pharmaceutical companies requiring long FDA-approval timelines, nor does it pursue capital-intensive industries like energy extraction or heavy manufacturing. The firm's focus remains squarely on capital-efficient, technology-enabled businesses where software and data network effects drive scalable revenue growth.

### How is IVP's partnership structured across generations?

IVP has executed a leadership transition from founder Reid Dennis to a multi-GP structure, adding partners over time while preserving the firm's original cultural and investment DNA. Current General Partners Somesh Dash, Eric Liaw, Tom Loverro, and Jules Maltz collectively oversee day-to-day operations and new investments. This multi-GP structure distributes decision-making risk and provides institutional continuity that limited partners value in venture firms with 40-plus-year track records.

### What is IVP's known posture on co-investments alongside external GPs?

IVP frequently co-invests alongside other top-tier venture and growth-equity firms, a practice enabled by its status as a later-stage, high-conviction lead investor. The firm's Sand Hill Road location and four decades of partnership track record give it access to syndicates where allocation is competitive. Co-investment opportunities often emerge from growth rounds where IVP's scale and sector expertise make it a natural lead or pricing anchor.

## Related profiles

- [Institutional Global Investors](https://altss.com/profile/institutional-global-investors)
- [Institution of Mechanical Engineers](https://altss.com/profile/institution-of-mechanical-engineers)

---

Last updated: 2026-08-11T15:07:05.535Z

Canonical page: https://altss.com/profile/institutional-venture-partners

Maintained by Altss — https://altss.com — methodology: https://altss.com/methodology