Jaden Schaefer
๐ค SpeakerAppearances Over Time
Podcast Appearances
I mean, they didn't put the full $50 million in, but they led this around.
It's their Series B investment.
And this is also Randall's first deal over at Benchmark.
So he's making his mark.
And this is a cool, this is an impressive deal.
The round had a bunch of other people in it.
There was Nexus Venture Partners, First Round Capital, Y Combinator, Box Group and the Canon Project and Shopify.
So it's interesting because Shopify is one of the customers that uses it and now they're invested.
I think we actually see this a lot with software, especially with these bigger firms.
If they can go find a startup and they're willing to use the product, they like the product, and probably they're seeing a lot of, you know, internally at the company, it's saving them a lot of time and money and their employees are using it.
They're like, well, that's probably going to be the case for a lot of other companies.
And I've actually seen some investors, it's kind of their like, it's their strategy to invest in their, invest in their like expense sheet, basically, that the companies that they spend money on, they invest in them.
So one thing that I think is interesting, Gumloop wasn't actually actively raising money, but Broder said that, you know, the timing felt right and Benchmark kind of reached out to them and said, hey, look, we see you guys are growing.
We'd be interested in helping you put together a round.
And Benchmark, by the way, is the company, I mean, obviously tier one VC, but they've invested in like eBay, Uber, Dropbox.
So they've been into a lot of these.
And so I think because of that, Broder, who's leading Gumloop was like, look, this is a big, you know, big firm.
They obviously have a lot of great connections.
And so he wanted to get in with it.
Originally, his goal when he was building this company, though, Broder, he said that he was envisioning building just a 10 person billion dollar company.