When Jason Warner joined Heroku, a buzzy cloud infrastructure acquired by Salesforce, he quickly met Scott Raney, a venture capitalist at Redpoint and an early investor in the startup. Soon, Raney and his partners were sending technical companies to Warner for vetting and advice. One that stood out: HashiCorp, the developer-focused cloud business now valued at $5.1 billion.
So when Warner, by now the chief technology officer of GitHub and an active angel investor, poked his head up in late 2020, two years after GitHub’s $7.5 billion acquisition by Microsoft to consider a full-time move into investing, he gave Raney et al a call. “There’s certain firms out there that are just legendarily known, and there’s certain firms that are sneaky good,” Warner says. “Redpoint is one that may fly under the radar.”
Now, it’s Warner’s job to help change that. He’s joined Redpoint as its newest partner in its fourth growth fund, a $725 million vehicle called Omega IV. “They’re humble, smart and eager,” says Warner. “Their returns have always been historically excellent. But the types of companies they invest in and how they approach founders were also two very important things for me.”