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A New York VC Spotlight: Kirill Sheynkman

 

KIRILL SHEYNKMAN

Kirill Sheynkman has spent 10 of his 20 years in the software industry as a CEO for software startups.

After founding 3 Silicon Valley software companies, Plumtree Software, Elastra Corporation and Stanford Technology Group, Sheynkman invested in a variety of IT, SaaS and cloud software startups, including Fab, RingCentral, Inc. and Tinfoil Security.

Sheynkman left the Silicon Valley in hopes of founding new tech ventures in the lesser tech-saturated New York City.

“In New York, I am a strange animal.  Most investors here focus on consumer web, media and advertising.  They look for a startup with some traction and customers to invest.  I want to find companies whose market won’t exist until 5 years from now.  That is not something you can put into a spreadsheet.  It’s taking a big bet on the future of technology,” Sheynkman told BetaBeat, in 2011.

Currently, Sheynkman is the senior managing director of RTP Ventures, a global venture firm where he focuses on developing the firm’s $750 million U.S. fund, based in New York.  RTP Ventures is the U.S.-based branch of ru-Net Holdings, one of Russia’s largest Internet and technology investors.

He just recently ended an almost 3-year stint as a venture partner at Greycroft Partners, a venture capital fund that invests in early-stage mobile and Internet companies.

Sheynkman holds a BS in Computer Science and Electrical Engineering from Stanford University and an MBA from the Haas School of Business at U.C. Berkeley.

VC Firm:

Senior Managing Director at RTP Ventures (Founded in 2011)

Sector Focus:

SaaS, Application Platforms, Enterprise, Big Data, Cloud Infrastructure, Real Time, Open Source, Information Technology, Analytics, Developer Tools, Sales and Marketing.

Selected Investments:

Crowd Computing Systems, Inc.
Fab
GridGain Systems
Kodingen
Precog
RichRelevance
RingCentral, Inc.
Tinfoil Security

Boards:

Crowd Computing Systems, Inc.
GridGain Systems
Kodingen
Precog
RichRelevance
RingCentral, Inc.
Tinfoil Security

Expertise Areas:
Enterprise Software, SaaS, Cloud Computing, Venture Capital Investments, Fundraising, Private Equity, Big Data and Architecture.

Blogs, Twitter & Websites:

Blog
Twitter
Personal Website

Memorable Quotes:

On being a venture capitalist in New York:  “I’ve lived most of my career in Silicon Valley.  That is where I founded my companies, but I fell in love with New York.  I’m a city person and this is the best place for me to run my ventures.”

On the abundance of seed funding:  “Money is available and, some will say, easy to get.  There are pitch sessions, pitch presentations and a slew of incubators, accelerators and germinators that are ready to provide a cubicle and an Internet connection in exchange for some equity.  The process is quick and painless.  I have witnessed angel investors flash their cash and write checks on stage.  Founders who have never raised a real VC funding round have all been made to believe that the traditional funding process is overly lengthy, way too expensive, and, in general, unnecessary.”

On RTP Ventures, one year after launch:  “Exactly one year ago today, September 9, 2011, RTP Ventures officially got started.  It’s been an amazing year, a whirlwind that seemingly parallels the experiences I’ve had at startups I’ve built — setting up basic operations, assembling a team, trying and testing business models and actually putting together a respectable portfolio of investments.  Early successes, early disappointments, we’ve already had our share.  But, overall, I think we’ve done pretty well for a fund that was an idea in someone’s head only a year ago.”

Click for more Venture Capitalists in New York.

About the author: Meredith Lee

Meredith is currently studying Journalism and English at the University of Wisconsin – Madison, where she focuses on blending new and traditional medias to enhance communication for a future career in digital media. She enjoys everything related to new media, investigative journalism, international communications, cooking, traveling and music festivals.

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