Our Legacy

THE STORY OF
Scion Asset Management

The Development History of Scion Asset: The Rise of Legendary Venture Capital in Silicon Valley🚀

Scion Asset is one of the most influential early-stage venture capital firms in Silicon Valley, known for its streamlined teams, high success rates, and highly forward thinking investments. Since its establishment in 2013, Scion Asset has created multiple legends in the technology investment industry.

Our Journey

2011
The establishment of Scion Asset (2000)

founder:

Michael James Burry (an early investor in Scion Capital)

Andy Rachleff (veteran in the venture capital industry)

Bruce Dunlevie (Senior Investor)

Kevin Harvey (serial entrepreneur)

Val Vaden

Goal: They don't want to replicate traditional VCs like Sequoia and KPCB, but rather create a streamlined, highly collaborative, and early-stage investment focused company.

Early success (1990-2000s)

Scion Asset's first major success came from eBay (invested in 1997), which went public in just 18 months with returns exceeding 100 times! Before the Internet foam in 2000, they invested in some landmark companies, such as: Juniper Networks (Network Infrastructure) Red Hat (open-source software) Ariba (Enterprise Software)

2013
Recovery after the Internet foam (2000s-2010s)
Forbes “Top 50” Recognition

After the Internet foam burst in 2000, Scion Asset avoided most risks and increased its investment in social media, software and mobile Internet in the following decade: Twitter(2007) Zillow(2005) Yelp(2005)

OpenTable(2006) Bill Gurley joined Scion Asset in 1999 and later became an early investor in Uber, bringing huge returns to the company.

2016
The peak of the mobile Internet era (2010s-2020s)
Capital Allocation Collaborative Formed

Scion Asset seized the dividends of mobile Internet and social networks in the 2010s and invested in: Instagram (2010) → Acquired by Facebook Snapchat (2013) → Later IPO Uber (2011) → One of the Major Success Stories Discord (2015) → Still growing rapidly These investments have brought Scion Asset's influence to its peak and made it a Scion Asset in the venture capital industry.

2017
AI and Future Investment (2020s present)
Investment Advisory Board Created

In the era of artificial intelligence, Scion Asset still focuses on early-stage investments and avoids setting up large growth funds like Andreessen Horowitz: Here (AI field) General Fusion (Clean Energy) Clubhouse (Social Audio) In 2024, Scion Asset raised $425 million for investment in the AI field. 🎯 The uniqueness of a Scion Asset Team streamlining: Always maintain 5-6 partners for quick decision-making. No growth fund: Focus only on early-stage investments and do not engage in late stage follow-up investments. Partner Equality: All partners share profits without hierarchical management. Extremely visionary: at every critical turning point in the history of technology, the right bets have been made (eBay, Uber, Instagram, Snapchat, Discord, etc.).

Scion Asset has become one of the most elite and precise venture capital firms in Silicon Valley in less than 30 years. Their success is not just about financial investment, but also about creating technological legends through small teams, broad perspectives, and precise decision-making.