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Meritech Capital Partners

Palo Alto, CAMERITECH-CAPITAL-PARTNERS
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Classification
Slugmeritech-capital-partners
HQPalo Alto, CA
Stage FocusFocused on late-stage investments in information technolo…
Intel StatusAccepting submissions
🔥 BERNIE'S HOT TAKE

Meritech is the anti-hustle VC — they're old-school disciplined when everyone else is spray-and-pray. They run as a small, streamlined group of equal partners focused on one thing: empowering entrepreneurs. The Paul Madera show has been running since '99, and he's got the Midas List cred to back it up. What founders love: they actually take the time to explain why they pass (rare in VC land), and when they're in, they're really in — not just another logo on your cap table. One founder review said: "They were smart, insightful, and most surprising, could not have been more welcoming, supportive and genuinely interested. These guys made you want to work with them... Craig called me and spent another 30 minutes on the phone explaining their decision. Class acts all around." The catch? They're incredibly selective and have high bars for what constitutes "late-stage" — if you're not already showing clear market leadership potential, don't waste their time.

KEY TAKEAWAYS
  • Best for: Late-stage SaaS/enterprise companies ready to scale big
  • Watch out for: High selectivity - they pass on most deals
  • Known for: Disciplined investing with hands-on partner involvement
Investment Thesis

With over $2.2 billion under management, Meritech seeks to lead investments in the portfolio companies of early stage venture capital firms. The company pursues traditional growth companies as well as co-investments in corporate buy-outs and spin-offs. Every investment we make begins with us believing, "this could become the next Salesforce, Facebook, Coupa, NetSuite, Tableau, Datadog, Roblox, Snowflake or UiPath."

Stage & Sector Focus

Focused on late-stage investments in information technology companies with a focus on consumer Internet and media, software and services, enterprise infrastructure, and medical devices. The fund prefers investment in USD 10 million to USD 100 million.

Notable Portfolio
SalesforceFacebookRobloxDatadogSnowflakeUiPathTableauNetSuite
Key Partners
Paul Madera
Co-Founder & General Partner

Paul co-founded Meritech in 1999 and helps lead the firm's consumer, enterprise, and fintech practices. Prior to co-founding Meritech, Paul was a Managing Director and the Head of the Private Equity Group at Montgomery Securities, where he advised private tech companies on equity financings. He began his career in finance as an investment banker with Morgan Stanley in New York, and prior to joining Morgan Stanley, he served in the U.S. Air Force as an F-4 and F-16 pilot based in South Korea, Spain, and Utah. Paul has been named to the Forbes 'Midas List' multiple times.

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