Madrona Venture Group Promotes Scott Jacobson, Len Jordan and Tim Porter to Managing Director

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Promotions highlight the firm’s commitment to early-stage, hands-on investing in Pacific Northwest and beyond.

Madrona Venture Group
“What makes Scott, Len and Tim unique is how much they love working with entrepreneurs in a real hands-on fashion,” said Greg Gottesman, Managing Director of Madrona.

Madrona Venture Group, the Seattle-based early-stage venture capital firm, today announced the promotions of Scott Jacobson, Len Jordan and Tim Porter to Managing Director.

“What makes Scott, Len and Tim unique is how much they love working with entrepreneurs in a real hands-on fashion,” said Greg Gottesman, Managing Director of Madrona. “These promotions recognize their continued commitment to helping great entrepreneurs build great companies.”

Madrona is currently investing out of its $250 million Fund IV that was raised in 2008. The firm is one of the most active in the Pacific Northwest region, investing in 14 new early-stage companies in 2011, 13 of which are headquartered in either Seattle, Portland or Vancouver, BC. Of the new investments made during the year, Madrona seeded five companies, four of which were started and incubated at the Madrona offices.

Scott, Len and Tim collectively led six of the firm’s 2011 investments, including Indochino, AppFog, and Cedexis. The firm is also committed to growing the Pacific Northwest’s innovation ecosystem and is actively working with Alliance of Angels, TechStars, Startup Weekend, University of Washington, Technology Alliance, WTIA and other programs and organizations in the region focused on technology companies and innovation.

“Scott, Len and Tim have worked for Amazon, Real Networks and Microsoft and with numerous start-up companies both as operating executives and advisors,” said Madrona Managing Director Matt McIlwain. “We are excited about expanding our Managing Director group and will continue investing in the best early-stage technology companies and the amazing innovation ecosystem in the Pacific Northwest.”

Scott Jacobson joined Madrona in 2007 and serves on the boards of Indochino, Teachstreet, and Yieldex. Scott also served on the board of Jambool prior to its acquisition by Google in 2010. Before Madrona, Scott worked at Amazon.com, where he held senior product and business management positions on the Amazon Kindle team and in the Seller Platform group. He led several key initiatives, including the international rollout of Amazon’s Merchants@ platform. Scott graduated cum laude from Northwestern University, where he received his bachelor’s degree in Applied Mathematics and Economics. He received an MBA from the Stanford Graduate School of Business, where he was an Arjay Miller Scholar.

Len Jordan joined Madrona in January 2010 and currently serves on the boards of Cedexis, MaxPoint Interactive, and Zapd. Prior to joining Madrona, he was a General Partner at Frazier Technology Ventures (FTV). He remains on the boards of Control4, DSIQ, Medio, and Wetpaint on behalf of FTV. Before becoming a venture capitalist, Len spent 16 years in the software industry at RealNetworks, Creative Multimedia, and Central Point Software. Len graduated magna cum laude from the Eccles School of Business at the University of Utah with BS degrees in finance and economics.

Tim Porter joined Madrona in 2006. He is on the boards of Appature, Corensic, Mobilisafe, and AppFog. Tim is also a member of the three-person Investment Committee for the Alliance of Angels Seed Fund. Prior to joining Madrona, Tim was a key member of the Corporate Development Group at Microsoft, where he shared responsibilities for sourcing, structuring, and negotiating Microsoft’s acquisitions, strategic investments, and joint ventures. While at Microsoft, Tim focused on enterprise software, security, and wireless and closed 14 transactions for over $850 million. Tim graduated from the Massachusetts Institute of Technology, where he received his bachelor’s degree in Mechanical Engineering. He received an MBA from the Stanford Graduate School of Business.

About Madrona Venture Group
Madrona (http://www.madrona.com) has been investing in early-stage technology companies in the Pacific Northwest since 1995 and has been privileged to play a role in some of the region's most successful technology ventures. The firm invests predominately in seed and Series A rounds across the information technology spectrum including consumer Internet, commercial software and services, digital media and advertising, networking and infrastructure, and mobile. Madrona manages more than $650 million and was an early investor in companies such as Amazon.com, Isilon Systems, World Wide Packets, ShareBuilder, and Farecast.

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Elise Hebb
Madrona Venture Group
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