Ron Conway Net Worth

What is Ron Conway's net worth?

Ron Conway is an American angel investor who has a net worth of $1 billion. Ron Conway co-founded the San Francisco, California-based venture capital firm SV Angel Management. Focused on investments in the software, IT, and AI sectors, the firm has made investments in such major companies as Facebook, Snapchat, Airbnb, and Pinterest. Conway is also significantly involved in philanthropy, particularly related to public health and combating gun violence.

Early Life and Education

Ron Conway was born on March 9, 1951 in San Francisco, California into an Irish Catholic family. For his higher education, he went to San Jose State University, from which he earned his bachelor's degree in political science.

Career Beginnings

From 1973 to 1979, Conway held various marketing positions at National Semiconductor Corporation. Later, from 1988 to 1990, he served as the president and CEO of Altos Computer Systems. Conway was subsequently the CEO of Personal Training Systems from 1991 to 1995.

Start of Investing Career

In the mid-1990s, Conway became an angel investor and made investments in such companies as Marimba Systems and Red Herring. He went on to launch his first venture capital fund, Adam Ventures, with $4 million in 1997. The following year, Conway established Angel Investors LP, and within two months he had raised $30 million for its first fund. Angel Investors closed on its second fund at the end of 1999, having raised $150 million. Notably, the firm was an early investor in Google, Napster, and PayPal, among other companies.

SV Angel Management

From 2006 to 2009, Conway was a special partner at the firm Baseline Ventures. He subsequently partnered with David Lee to found the firm SV Angel Management, which raised $10 million for its first fund. The firm went on to partner with DST Global to launch the Start fund, which invested in every Y Combinator startup with an offer of $150,000 in convertible debt. Over the years, Conway had a falling out with Lee, resulting in the latter's departure in 2015. A few years later, SVA announced that it would no longer be raising funds from outside investors, and that Conway would make investments with his own money. However, in the spring of 2022, it was reported that the firm had raised $269 million for its first growth equity fund. Since its founding, SVA has made investments in such major companies as Facebook, Snapchat, Google, Airbnb, Reddit, and Digg.

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Philanthropy

Conway is significantly involved in philanthropic endeavors, particularly ones related to public health. He serves as vice chairman of the UCSF Medical Foundation, and is a member of the development committees of UCLA, St. Francis High School, and Packard Children's Hospital, among other institutions. Conway also serves on the advisory board of the nonprofit Sandy Hook Promise, which was created by the parents of the victims of the Sandy Hook Elementary School shooting. Elsewhere, he founded the Smart Tech Challenges Foundation to promote gun safety using innovative technologies.

Among his other philanthropic activities, Conway founded the San Francisco Citizens Initiative for Technology and Innovation, a nonprofit that supports the technology community through public initiatives and private-public partnerships. In 2021, he joined Bill Gates's and Warren Buffett's the Giving Pledge, a charitable campaign in which wealthy people commit to donating the majority of their money to philanthropic causes. The year after that, Conway donated to Mila Kunis's and Ashton Kutchers's Stand with Ukraine campaign and to Ariana Grande's Protect & Defend Trans Youth Fund.

Political Activities

Conway has made some substantial contributions to the campaigns of Democratic candidates and causes. In 2011, he was the largest contributor to Ed Lee's successful campaign for mayor of San Francisco, and in 2014 he donated to the successful California State Assembly campaign of David Chiu. During the US midterm elections in 2018, Conway was among the biggest Silicon Valley donors to raise money in efforts to help the Democratic Party regain control of the House of Representatives. In 2022, he donated $50,000 to the liberal PAC the Next 50, and in 2024 he donated $250,000 to the liberal PAC Clear Choice.

Personal Life

With his wife Gayle, Conway has three children and resides in San Francisco.

Real Estate

In 2013, Ron paid $24.5 million for a 15,500-square-foot mansion in the town of Belvedere within Tiburon, California. In 2014, Ron listed his San Francisco apartment for $9.5 million.

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