Norwest Venture Partners

Background

Norwest Venture Partners is a multi-stage venture capital and growth equity firm. Its growth products and services team invests across business services, multi-unit concepts, health and wellness, and beauty, among other sectors. Per Ryan Murphy in Ep. 22, the firm typically takes up to ~70% ownership stakes, looks for "meaningful role from the team," and emphasizes backing operators and founders — targeting "second bite of the apple" opportunities rather than full buyouts.

Ryan's manager at Norwest is Mary Miller, whom he describes as a model of a relationships-first, people-first sourcing approach.

Appearances

• Ep. 22: Gold Medal Sourcing — Ryan Murphy discussed his first year as a sourcing associate at Norwest, the firm's investment approach, and its sourcing culture under Mary Miller.