11/7/2023 0 Comments Rob stavis bessemer![]() ![]() Investors who in previous cycles gave a pittance publicly are now committing a few tens of thousands of dollars - not enough to move the needle in a race, but real movement from the past. Meanwhile, behind the scenes, plugged-in Democratic donors in Silicon Valley say they’re detecting kicks beneath the surface that won’t catch eyeballs on campaign finance reports. And even traditional big-money givers like Chris Sacca are rethinking how they spend their money - turning to startups and nonprofits instead of the typical party-aligned establishment organizations that had a stranglehold on Democratic donorville. People such as venture capitalist Rob Stavis have been awakened this cycle after years of relative passivenes. Now, there are some new, ascendant Democratic financiers in Silicon Valley. But we’ve seen little changing of the guard. One million dollars in political giving - a small part of some tech billionaires’ net worth - could make them revered and feared campaign donors. But the universe of Democrats who are willing to cut seven-figure checks to liberal causes is still very small.īy Silicon Valley standards, the amount of money required to be a top-tier player in political fundraising is shockingly small. President Donald Trump has reached its zenith. Stavis’s charitable work includes serving as president of the board of WJCS, Westchester County, New York’s oldest and most comprehensive social-service agency, and formerly as a director of The Kingswood-Oxford School and the Larchmont Temple.Tech resistance to U.S. He has published articles on derivatives pricing and risk management for financial-services companies. Stavis is on the Board of Overseers for Penn’s School of Engineering and Applied Science. from the engineering school of the University of Pennsylvania and a B.S.E. He was a member of Salomon’s operating and risk-management committees and chaired the recruiting committee, in addition to managing a $100 billion balance sheet. Stavis entered private equity after a 15-year career at Salomon Smith Barney, where he was co-head of global arbitrage trading. He also managed a portfolio of interests in a number of industries, including telecommunications, software, technology, and restaurants. He led the A round and served on the board of Arbinet (NASDAQ:ARBX), the world’s leading electronic market for trading routing and settling communications capacity. Prior to joining Bessemer, Rob was an independent private-equity investor. His exited investments include website security-rating firm SiteAdvisor (acquired by McAfee) home network management software provider Pure Networks (acquired by Cisco) pre-paid debit-card provider PRE Solutions (acquired by Incomm) financial-services analytics company LifeHarbor (acquired by Vestmark) CRM-software developer Portrait Software (LSE-AIM: PST) and Skype (acquired by eBay in 2005), where Stavis led the A round. He also led Bessemer’s investment in leads-generator Yodle and was involved in Motilal Oswal Financial Services, an India-based financial-services and brokerage company, which has since gone public on India’s Bombay and National Stock Exchanges as MOSL. At Bessemer, Stavis has led the firm’s investments in, and sits on the boards of, the independent research companies Gerson Lehrman Group and Soleil Securities online-lending marketplace Zopa online creative-messaging service Smilebox online-education website Knewton wealth-management company United Capital Financial Advisers market-data company ACTIV Financial Systems consumer-Internet site Hunch credit-ratings agency Kroll Bond Ratings online wealth-management service Betterment and Quadriserv, the stock-loan focused broker/dealer financial-services company. He focuses on investments in the financial-services sector and in emerging software technologies. Rob Stavis, a partner in Bessemer’s New York office, joined the firm in 2000.
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