(A spokesperson for West declined to comment.) An initial meeting between the two went nowhere, and in subsequent conversations with his employees, the Iconiq founder was dismissive of West, whose frequent tabloid appearances and brushes with controversy had the potential for a public-relations risk. Makan's standards are exacting, however, and Yeezy didn't make the cut. At stake for West was admission to Silicon Valley's most exclusive club: Iconiq Capital. The two were brought together as a result of Makan's constant drive to expand his network of clients, a list that includes Mark Zuckerberg and Tom Hanks. It was an unusual pairing: Makan, a disarming, strong-willed investor with a world-class Rolodex and a commitment to absolute discretion, and West, a maximally bombastic and unrestrained rapper whose life has played out almost entirely in the public eye. Kanye West failed to impress Divesh Makan. Iconiq has invested billions of dollars in top startups, documents obtained by Insider show.It caters to the elite of the technology industry and is now quietly recruiting A-list celebrities.Divesh Makan has spent a decade building ultra-secretive wealth-management firm Iconiq Capital.Feel free to reach out to me anytime at a full list of investments made by ICONIQ Capital’s Tech Growth Equity Platform, please refer to here.Account icon An icon in the shape of a person's head and shoulders. I will be in San Francisco (and sometimes Palo Alto) doing what I’ve done for the past 19 years…building deep relationships with talented founders and doing my best to help them build their dreams into reality. I am thrilled to be getting started here at ICONIQ. Thank you to Jason, Tod, Ravi, Nikhil, Rob, Nitin, Jacob, Natalie, Rachel, Catherine, Avery, Austin, Rose, Kelly, Mei Lin, Alaina, Caitlin, Vy, Elena and the entire team. I know they will continue to thrive in my absence, as they did for so many years before I joined. Shasta has made incredible investments in companies like Anaplan, Zuora, Glint, Nextdoor, Nest, The Farmer’s Dog and so many others. I learned so much from them on how to be a trusted partner to founders. Shasta’s founder-first reputation is hard-earned and well-deserved. While I am excited about joining ICONIQ, it comes with mixed emotions as leaving Shasta has been a very difficult decision. I believe ICONIQ represents the future of venture capital - a deep platform providing value to emerging companies, but ALWAYS with the core being the personal touch of trusted individuals who partner with entrepreneurs in their journey. These companies and teams are adding to the ever-growing talent in the ICONIQ ecosystem. ![]() ICONIQ has partnered with breakout companies like Snowflake, Datadog, Procore, Adyen, Zoom and so many others*. This network has been harnessed in many ways in an effort to benefit emerging companies that partner with ICONIQ - from providing informed perspectives, commercial opportunities, executive recruiting, attracting advisors/board members and much more.Īnd, after nearly a decade of nurturing this ecosystem, the flywheel at ICONIQ is spinning faster than ever. ICONIQ is more than a platform, but really an ecosystem, at the core of which is a network of global business leaders across sectors that ICONIQ has partnered with and serviced for many years. In this vein, ICONIQ has built what I believe is a unique platform for supporting founders and executives in their journey. ICONIQ feels like a group of trusted friends - we have similar values and a shared approach to supporting founders.įrom my vantage point, venture capital is in the midst of a rapid transformation and the bar has gone up dramatically regarding the value-add that entrepreneurs deserve from their venture partners. And, getting to know ICONIQ Founders Divesh Makan, Mike Anders as well as other partners Yidrienne Lai, Adar Zango and Evan Lintz convinced me of the power of the vision and platform. Head of Talent Chis Hubbell and I have worked together on several portfolio search committees. ![]() I have served on several boards with General Partner Matt Jacobson and I have known Greg Stanger, another GP, for many years. ICONIQ Partner Will Griffith and I have been personal friends since attending college and business school together. And, for me, joining ICONIQ is a natural fit given the deep existing relationships I have with the team. Venture investing is all about trusted relationships - with founders, teams and, also within our partnerships. And, it was one of those rare examples in business where the stars aligned. This was the most complex career decision I have ever made, but ultimately it became clear that ICONIQ represents a once-in-a-lifetime opportunity. After nearly four great years at Shasta, I am excited to share the news that I have joined ICONIQ Capital’s growth equity team.
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