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Jaden Schaefer

๐Ÿ‘ค Speaker
6788 total appearances

Appearances Over Time

Podcast Appearances

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

I mean, they didn't put the full $50 million in, but they led this around.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

It's their Series B investment.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

And this is also Randall's first deal over at Benchmark.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

So he's making his mark.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

And this is a cool, this is an impressive deal.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

The round had a bunch of other people in it.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

There was Nexus Venture Partners, First Round Capital, Y Combinator, Box Group and the Canon Project and Shopify.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

So it's interesting because Shopify is one of the customers that uses it and now they're invested.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

I think we actually see this a lot with software, especially with these bigger firms.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

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.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

They're like, well, that's probably going to be the case for a lot of other companies.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

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.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

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.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

We'd be interested in helping you put together a round.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

And Benchmark, by the way, is the company, I mean, obviously tier one VC, but they've invested in like eBay, Uber, Dropbox.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

So they've been into a lot of these.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

And so I think because of that, Broder, who's leading Gumloop was like, look, this is a big, you know, big firm.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

They obviously have a lot of great connections.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

And so he wanted to get in with it.

AI HR
Gumloop Raises $50M from Benchmark to Scale AI Agents

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.