IVP, a 45-year-old venture firm, has a history of backing successful companies like Slack, Coinbase, and Glean. The firm is expanding its expertise in artificial intelligence and enterprise software, with a focus on helping startups navigate the evolving sales landscape. Egan's experience is expected to be instrumental in guiding companies at critical growth stages, especially as enterprises increasingly invest in AI tools for long-term efficiencies. The firm is also expanding its global presence by hiring a partner for its London office.
Key takeaways:
- Kevin Egan, former chief sales officer at Atlassian, has joined venture capital firm IVP as a venture partner to help close investments and assist portfolio companies with their sales strategy.
- Egan has extensive experience in enterprise sales, having worked at Salesforce, Dropbox, and Slack, and is known for scaling these companies in the early days of the cloud.
- IVP is expanding its team with Egan and other new hires, including Zeya Young from Andreessen Horowitz and Miloni Madan Presler from Summit Partners, to focus on artificial intelligence, enterprise software, and healthcare companies.
- Enterprises are increasingly investing in AI tools for long-term efficiencies and competitive advantages, and Egan's expertise will aid IVP's portfolio companies in evolving their sales strategies to capitalize on this trend.