I'm a fan of the underdog. The guy that nobody really pays attention to because they're so focused on whatever shiny object is in the public eye. The guy who is quietly innovating and creating the most amazing stuff. Tim is that guy. He and 3 co-founders started a company in DC originally focused on making Facebook apps. Just 13 months ago, they had 30 employees. Before that, it was just the 4 of them above a 7-Eleven in Georgetown. Today, they have 1,20o employees and are easily growing past 2,000 this year.
Here's the video:
At around the same time in the medieval Islamic world, a vigorous monetary economy was created during the 7th-12th centuries on the basis of the expanding levels of circulation of a stable high-value currency (the dinar). Innovations introduced by Muslim economists, traders and merchants include the earliest uses of credit, cheques, promissory notes,savings accounts, transactional accounts, loaning, trusts, exchange rates, the transfer of credit and debt, and banking institutions for loans and deposits.
This is the first of a multi-part blog post I'll be writing over the next week that will chronicle my experience raising a $1MM round for AppMakr.
I'll be sharing my learning and experiences as a first-time fundraiser out here in the Valley. My goal is to provide pragmatic tips to help other entrepreneurs understand the process and short-cut the time fundraising typically takes. Think of it as download that condenses 4 months of learning into a series of blogs you can read in an hour.
Be sure to subscribe to the blog if you'd like to get those future posts. Also, we're throwing a party to thank the investors who made this round possible, and celebrating the fact that over 1,000,000 people have now used apps made through AppMakr. RSVP here to join us on 10/28 at 6:30pm. You'll meet Mitch Kapor, George Zachary, Pietro Dova, Ben Narasin and other AppMakr investors.
For this first post, I scored an interview with Naval Ravikant, one of the co-founders of VentureHacks, which runs AngelList. AppMakr went through AngelList, and intros from AngelList were responsible for 54.5% ($545k) of the $1MM we raised. Needless to say, these guys rock. I'd also like to give a huge shout-out to my brother Sam Odio and amazing entrepreneur James Hong, both of whom intro'd me to Nivi & Naval of AngelList at the beginning of our fundraising process.
Here's the video with Naval:
Our company was barely a year old at the time. We had no real revenue. Spending a million dollars of our investors' money on a land war in Asia would indeed be a revolutionary approach to growing market share.
This was Sergey Brin's suggestion on how to use the Google marketing budget to build brand awareness. Specifically he wanted to inoculate Chechen refugees against cholera. This was quote was from page forty-nine of Edwards' I'm feeling lucky.