Loverro named seventh GP at IVP

IVP‘s Tom Loverro is flying, literally and figuratively.

He’s been on a plane in every one of the past five weeks, meeting with companies and evaluating potential investments.

And he was just promoted to become the seventh general partner at the late-stage and growth-equity investor.

“This is a manic time now for venture, with valuations up and lots of aggressive firms issuing term sheets,” Loverro said. “But I’m excited and I love working with entrepreneurs.”

Loverro joined IVP in April 2015 as vice president and was named a principal in 2017. In the GP group, he joins Somesh Dash, Steve Harrick, Jules Maltz, Sandy Miller, Eric Liaw and Dennis Phelps.

Like all IVP GPs, he’s a generalist, although he’s worked on many high-growth consumer and enterprise companies.

He serves as a director or board observer at Coinbase, HashiCorp, NerdWallet and Podium. He’s also worked on Amplitude, Datadog, GitHub, IEX, OnDeck and Tanium.

Prior to IVP, Loverro had two stints at RRE Ventures in New York, as a principal from 2011 to 2015 and an associate from 2005 to 2007.

In between, he was an EIR at Lightbank and also had an operating role as director of product marketing at Data Robotics, later renamed Drobo.

Loverro says his time at Drobo helped him appreciate the humanity behind launching a startup and the team dynamics required to build a company.

“I have more empathy and appreciation for the complexity behind what it takes to be at a startup,” Loverro said. “I’m better for actually trying it myself, and hopefully my advice adds value to our companies today.”

In 2017, IVP wrapped up its 16th fund with $1.5 billion in commitments, the largest in the firm’s nearly 40-year history.

Tom Loverro’s LinkedIn profile: https://www.linkedin.com/in/tomloverro/