STOCK TITAN

Silverton Partners Expands Investment Team With Two New Hires

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Very Positive)
Tags
management
Rhea-AI Summary
Silverton Partners, an Austin-based early stage Venture Capital firm, announces the addition of two team members, Rob Taylor as Operating Partner, and Addie Rasche as Senior Associate.
Positive
  • Rob Taylor joins Silverton as a former Co-Founder & CEO of Silverton Partners’ portfolio company, Convey, which was acquired by project44 for $255M in December of 2021. Convey was a pioneer in logistics and supply chain visibility software for some of the largest global retailers such as The Home Depot, Costco, Walmart, and QVC. Rob's experience and expertise in the logistics industry could positively impact the stock price of Silverton Partners.
Negative
  • None.

Rob Taylor and Addie Rasche Join the Austin-Based Venture Capital Firm

AUSTIN, Texas--(BUSINESS WIRE)-- Silverton Partners, an Austin-based early stage Venture Capital firm, announces the addition of two team members, Rob Taylor as Operating Partner, and Addie Rasche as Senior Associate. Rob and Addie join the investment team with unique experience to help Silverton continue to foster lasting partnerships with its portfolio companies while building relationships with new entrepreneurs.

Rob Taylor joins Silverton as a former Co-Founder & CEO of Silverton Partners’ portfolio company, Convey, which was acquired by project44 for $255M in December of 2021. Convey was a pioneer in logistics and supply chain visibility software for some of the largest global retailers such as The Home Depot, Costco, Walmart, and QVC. Prior to Convey, Rob was President of BlackLocus, another Silverton portfolio company that was acquired by The Home Depot for $55M within eighteen months. Rob then spent two years building Home Depot's Innovation Lab in Austin, TX.

Silverton and Rob have been partnered for over a decade across two portfolio companies and now get to work alongside each other as investors to support promising entrepreneurs. “This is an exciting fit for me – to do what I love in helping others to grow and scale their businesses and to do so with a team of investors that I know and trust,” said Rob Taylor.

Prior to BlackLocus, Rob served as EVP & GM of TrueCar, an online technology business reinventing how cars are purchased & sold on the internet. TrueCar completed its IPO in 2014 after raising several hundred million dollars over the preceding four years. Rob lives in Austin, TX with his two sons and when not spending time with family and business, has a passion for road cycling the highest mountain ranges across the globe.

Addie joins Silverton Partners as a Senior Associate after working for the firm as a part-time Associate while pursuing her MBA at McCombs School of Business. Prior to investing, Addie worked in the music and live entertainment industry for nearly a decade. In college, she joined the founding team of an event production startup that was later acquired by AEG Presents, the world’s second largest sports and live entertainment company. In 2018, Addie moved to Austin to oversee strategic growth and new projects at C3 Presents, a subsidiary of Live Nation (NYSE:LYV). Originally from Atlanta, GA, Addie holds an MBA from The University of Texas at Austin McCombs School of Business and B.A. degrees in both Political Science and Communications from Tulane University. Addie lives in Austin, TX with her husband and when not working she enjoys seeing live music and exploring the best of the Texas hill country.

“Rob and Addie are both exceptional individuals who have successful entrepreneurial backgrounds and bring substantial operating experience to the Silverton portfolio,” said Morgan Flager, Managing Partner of Silverton Partners. “Their knowledge comes from the journey of being builders themselves and I’m thrilled to learn from and work with them in support of our founders.”

Silverton continues to expand its investment team to meet the growing need for early stage capital in Central Texas and beyond. Last year Silverton closed its seventh and largest fund, oversubscribed at more than $250 million in limited partner commitments.

About Silverton Partners

Silverton Partners invests in entrepreneurs who are dedicated to tackling growth markets and building lasting companies. In partnering with Silverton, companies benefit from its vast network and expertise from decades of growing and investing in successful businesses. Silverton Partners is based in Austin, TX, and was the initial institutional investor for AlertMedia, Apprentice, Billie, Convio, SailPoint, Silicon Labs, Storable, Self Financial, SpyCloud, TrendKite, TurnKey Vacation Rentals, Wheel, WP Engine and The Zebra among others. Silverton Partners is Texas’s most active early-stage investment group with seven funds and over $630 million assets under management.

Madeline Bolin, press@silvertonpartners.com

Source: Silverton Partners

FAQ

Who are the new team members at Silverton Partners?

The new team members at Silverton Partners are Rob Taylor as Operating Partner and Addie Rasche as Senior Associate.

What was Rob Taylor's previous role and company?

Rob Taylor was the Co-Founder & CEO of Convey, a logistics and supply chain visibility software company that was acquired by project44 for $255M.

What is the significance of Rob Taylor's experience in the logistics industry?

Rob Taylor's experience in the logistics industry could positively impact the stock price of Silverton Partners.

What is the background of Addie Rasche?

Addie Rasche worked in the music and live entertainment industry before joining Silverton Partners as a Senior Associate.

What was the size of Silverton Partners' last fund?

Silverton Partners closed its seventh and largest fund, oversubscribed at more than $250 million in limited partner commitments.

Live Nation Entertainment Inc.

NYSE:LYV

LYV Rankings

LYV Latest News

LYV Stock Data

30.24B
230.32M
32.4%
74.67%
5.87%
Entertainment
Services-amusement & Recreation Services
Link
United States of America
BEVERLY HILLS