Late Stage Venture Capital refers to venture capital investment in more mature startups that have established commercial success and are looking to scale towards an exit. Late stage VCs provide large capital infusions through Series C, D, and beyond to help proven startups take the next step. Typical late stage recipients are companies already backed by VCs for a few years that now need big budgets for aggressive growth. Late stage carries lower risk than early rounds, but requires much larger investments to buy small ownership stakes in hot companies. Late stage VCs have shorter hold periods of 3-5 years and can propel startups to IPO or acquisition via their networks and capital resources. Prominent late stage VCs include Kleiner Perkins, IVP, and Accel Partners who invested in Facebook, Snap, Twitter, etc. just before their public debuts.