PEER VC
Overview
PEER VC invests in early-stage decentralized assets, peer-to-peer platforms and AI technology. Its LinkedInLinkedInLinkedIn is a social networking platform for professionals. It was founded in 2002 by Reid Hoffman and others, launched in 2003, and listed on the New York Stock Exchange in 2011; after Microsoft acquired it for approximately $26.2 billion in 2016, it became a wholly owned Microsoft subsidiary. Its revenue comes from membership subscriptions, advertising, and recruitment solutions.Open the full entry company page under the peerventurepartners path identifies the firm as PEER VC and links to peer.vc.[1][2]
Contents5 sections
Key facts
Founders and Team
Jared Hutchings and Mark Campbell co-founded the firm with Donald L. LucasDonald L. LucasDonald L. Lucas was an American venture capitalist who backed companies including National Semiconductor and Oracle and served as an early Theranos chairman.Open the full entry. Hutchings and Campbell became involved in crypto in 2016.[2]
2010–2013Theranos Investments
The 2023 restitution order identified Peer Venture Partners (Peer Ventures Group IV, L.P.Peer Ventures Group IVPeer Ventures Group IV, L.P. is a Theranos investment vehicle identified with Peer Venture Partners and shortened to Peer Ventures Group in the 2023 restitution order.Open the full entry). Using a spreadsheet supplied to the SEC by TheranosTheranosTheranos was a blood-testing company founded in 2003 by Elizabeth Holmes and based in Palo Alto, California, which offered retail testing with Walgreens and was valued at up to $9 billion before regulatory sanctions and criminal charges over alleged fraud in its technology and financial claims led to its dissolution in 2018.Open the full entry’s corporate controller, the court recognized $45 million invested in July 2010 and $17.7 million in June 2013. A further $30,799,912 was identified at sentencing; it should not all be dated to 2013.[3]
2023Restitution for Investment Losses
The court assigned the investment vehicle $93,499,912 in restitution under Holmes and Balwani’s joint and several liability. The historical vehicle should not be equated with every present-day fund, partner or investor on the platform.[3]