The story
Brentwood was founded by Frederick Warren, Timothy M. Pennington III and B. Kipling Hagopian.
In 1999, the partners from Brentwood joined with partners from Institutional Venture Partners (IVP) and Crosspoint Ventures and created two separate industry-focused firms with the relevant firm making new investments in each of the respective industries:
Redpoint Ventures, focusing on early stage information technology investments
Versant Ventures, focused on health care venture investments
In 1999, Redpoint raised a $600 million venture fund Ventures I, at the time the largest first-time fund for a new firm.
From Wikipedia’s article on Brentwood Associates, shared under CC BY-SA 4.0.5