
In his new role, Phil can fulfill his goal of giving back to the
entrepreneurial community by sharing product & go-to-market strategies with
SaaS founders and our firm’s portfolio companies. Phil is an ideal fit for Shasta Ventures’
well-established enterprise software team. We’ve invested heavily in
entrepreneurs building best-in-class enterprise application and
infrastructure companies—both areas where Phil’s experience will serve as a
powerful asset. He allows us to double down on supporting
our enterprise investments including breakout companies like Anaplan, Apptio, Glint, Lithium, Leanplum
and Zuora, among others.
Over the past three decades of his career, Phil succeeded in
numerous roles including entrepreneur, engineer, product leader, marketer, and CEO
to name a few. The depth and variety of his expertise is unparalleled – not
only spanning operating disciplines, but also covering the many and varied stages
of a company’s growth. Phil and his team built Marketo into a significant
platform company that fundamentally transformed the Marketing industry. Prior to Marketo, Phil
served as President and COO of Epiphany, a pioneering marketing software
provider.
Bringing Phil on board is exciting for me personally. I met Phil
and invested in Marketo back in 2006 when it was three founders and a Powerpoint deck. For me, serving on the
board of Marketo with Phil has been one of the highlights of my venture career.
There aren’t many enterprise software companies out there that have grown to more
than $250 million in revenue – which is exactly what Marketo has done. Phil is
one of the few founders who has taken a company all the way from idea through
hundreds of millions in revenue, an IPO, and a successful sale. He has lived
and managed through all the stages of a startup’s growth, which makes him an invaluable
resource for any startup.
Phil is a great fit for
Shasta because we look for entrepreneurs with unique market insights and the ability to build a highly differentiated product and user
experience. Now in his new role, Phil can help entrepreneurs to navigate their own startup journeys.
The greatest reward as a VC is the ability to back a talented team
and be a part of their journey or, even better, to watch them become successful
and then back them again in their next endeavor. Working with Phil at Shasta now
takes this to the next level. It’s the ultimate honor.
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