A new venture has been established by two businessmen from Silicon Valley. Sherpa – a start-up foundry – is aiming to create a new model of how start-ups are developed. To do this it will use a vast array of different strategic corporate partnerships and will work with successful entrepreneurs. Sherpa’s founding members are Scott Stanford, Goldman Sachs and Shervin Pishevar, Menlo Ventures.
Scott Stanford is bringing to Sherpa his expertise in assisting in high-profile deals. In his role of Managing Director at Goldman Sachs – where he spent more than a decade – he led web investment banking businesses from San Francisco, which can also be useful in his new venture.
In his finance career, Shervin Pishevar has earned a reputation as a top angel investor and venture partner. Even though he is leaving Menlo Ventures, he will stay connected to the firm in the capacity of venture advisor. As Managing Director of Menlo Ventures Shawn Carolan explained, “this was a unique opportunity to let [Pishevar] pursue a passion at the formative stage while still have him active in the firm for companies further along.”
Indeed, it was Pishevar who helped in the launch of the Menlo Talent Fund, $20M seed fund putting money into innovative early stage deals within a 24 to 72 hour timeframe. Prior to joining Menlo Ventures, Pishevar gained experience in consumer technology investments in gaming, mobile and social web industries. This can be seen in his creation of Webs.com and Social Gaming Network.