August Capital

Overview

August Capital is a venture capital firm founded in 1995, specializing in early- and late-stage investments in information technology sectors including IT infrastructure, security, storage, and cloud computing.¹²³ Based in San Francisco, it adopts a selective approach, investing in fewer companies to provide hands-on support and strategic guidance to entrepreneurs.²⁴ The firm is notable for backing companies like Splunk, Zulily, and Seagate, with partner David Hornik recognized on the Midas List in 2012.¹

History

August Capital was founded in 1995 by David Marquardt and John Johnston, closing its first fund of $100 million that year.¹ The firm has focused on information technology investments across early and late stages, management buyouts, and private investments in public equity.¹ Partners including David Hornik (joined 2000), Andy Rappaport, Eric Carlborg, and Howard Hartenbaum have been involved, with the firm closing eight funds as of recent records.¹³

Notable Products

• Investment in Splunk - Early investment in the data analytics and security software company.
• Investment in Zulily - Funding for the e-commerce flash sales platform.
• Investment in Seagate - Investment in the data storage hardware leader.
• Investment in Evite - Backed the online invitation service, later acquired by Ticketmaster.
• Investment in Adaptive Telecom - Supported the telecom firm sold to Metawave for $130 million.

Reputation

August Capital is perceived as a selective, hands-on venture firm by professionals, valued for its focus on fewer investments with substantial support.²⁴ Enthusiasts note strengths in IT sector expertise and notable exits like Splunk.¹ It maintains a low-profile reputation centered on long-term entrepreneur relationships rather than high-volume dealmaking.¹³