Early stage venture capital firm Gabriel Venture Partners has appointed Scott Chou as managing director.
Chou joined Gabriel in 2000, a year after the firm was founded, and overseen around $45m of investments.
Two of Chou’s investments, STEP Labs and NextG Networks, were recently acquired – bringing Chou’s total realizations to date at Gabriel to over $60m.
Chou heads the disruptive technology practice at Gabriel, where he has led investment syndicates in companies such as Boston-Power and SkyCross, both of which are on growth trajectories towards near-term public offerings, according to the firm.
“Scott has been an integral part of Gabriel’s success almost since day one, and his focus on laboratory spinouts and leveraging connections in China for capital-efficient growth has not only differentiated him within a crowded venture community, but has enabled him to achieve profitability during one of the toughest periods for venture capital,” said Rick Bolander, managing director and co-founder of Gabriel Venture Partners. “We’re honored to promote Scott from Partner to managing director, and look forward to working hand-in-hand with him to identify, invest in, and nurture the next generation of technology and cleantech market leaders.”
“I witnessed the tail end of the roaring 1990s as a Kauffman Fellow, so when I started at Gabriel in early 2000, I thought it would take less than two years to generate exits that surpassed invested capital. Instead, the entire venture industry has weathered both the dot-com bust and the great recession, but I was still able to achieve the major career milestone of generating positive returns on my invested capital,” said Chou. “As I look at my remaining portfolio companies just in Gabriel’s 2001 fund, I’m bullish on exceeding the $100m threshold in realisation – which would be a good result for a smaller fund like ours during any year – but especially for a 2001 vintage fund.”
Chou’s investment approach centres on managing relationships with universities, as well as corporate and government labs, to identify new innovation. He has led Gabriel’s efforts in areas such as distributed antenna systems, zero-power color displays, solid-state lighting, embeddable antennas, lithium ion batteries, tunable filters, noise-cancellation software, and perpetual cloud computing.
Gabriel Venture Partners is based in Silicon Valley and has over $260m under management. Current investments include Chegg, Aurora BioFuels, Boston-Power, PlantSense and SkyCross.
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