If change is the only constant, then it's the unique qualities of each entrepreneur that keeps Steve Krausz passionate about working with startups. "I get excited about creation in technology," says Steve, who joined USVP in 1985. "It's thrilling to see new generations of entrepreneurs who bring leadership to their organizations. Entrepreneurs are people who can paint a picture of success that makes others want to join them, who can liberate others to be their best."
Steve has led the firm's investments in Accelerated Networks (IPO), Applied Digital Access (IPO), Centerview Software (acquired by Sybase), CipherTrust (acquired by Secure Computing), Elantec (IPO), Guidewire (IPO), Imperva (IPO), MicroLinear (IPO), Occam Networks (Public), Savings.com (acquired by Cox Target Media), Sierra Monolithics (acquired by Semtech), Trusteer (acquired by IBM), Verity (IPO), Vontu (acquired by Symantec) and Xylan (IPO). Steve has co-led USVP's investments in Check Point Software (IPO), Harmonic Lightwaves (IPO), Epic Design (IPO), NetDynamics (acquired by SUN), New Focus (IPO) and Stratacom (IPO). He managed the firm’s investments in and serves on the boards of Appthority, Blekko, Box, Electric Cloud, Exablox, Kaiam, Karmasphere, Quixey, ReadyForce, Smartling, Xirrus, and ZEFR. Change means innovation—it also means disruption of status quo. Steve is drawn to areas of disequilibrium, where the possibility exists of technology solving an old problem in a new way, or redefining the way people work and live. "We shouldn't ever think we know what's next. The only thing we can anticipate is the unexpected."
Steve enjoys the role of coach and mentor to CEOs and finds it rewarding when he can help them consider new solutions or gain a broadened perspective on the market environment.
"Markets define themselves on the basis of business or consumers that have a need, and are most often evolutionary, not revolutionary," he notes. "The consumerization and globalization of technology are especially interesting now. The evolution from an enterprise model to one that is consumer-facing, is big."
The father of two, Steve served on the board of the Woodside Priory and as the former executive board member and Treasurer of the National Venture Capital Association. Steve also serves on the board of the WAVC, the World Affairs Council, the Stanford GSB Trust and DAPER. An avid skier, Steve enjoys travel with his family. When time permits, his reading interests include world history, especially the Middle East and Asia. He holds a B.S. in Electrical Engineering from Stanford University and an M.B.A. from Stanford Business School, where he was an Arjay Miller Scholar.