37signals accepts Venture Capital funding

by Matt Craven

It’s taken many years longer than I expected, but 37signals has finally accepted venture capital funding. The winner was Jeff Bezos’s personal investment company Bezos Expeditions.

37signals 37signals accepts Venture Capital funding

37signals is the popular web 2.0 company that has developed winners such as Basecamp, Backpack, Campfire, Tadalist, and Writeboard. All of which are webapps that we’re using here at BlogMedia.

Now that they have an influx of capital, I’m looking forward to seeing what major new product they’ll be releasing.

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  1. By David Krug posted on July 21, 2006 at 12:23 pm
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    My guess is they won’t. Just scaling is my guess.

  2. By Matt posted on July 21, 2006 at 6:58 pm
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    I’d love to know how much they were given and what % of the company they gave up to get it…

    and I’m looking forward to their next project – whatever it might be

  3. By Starr posted on July 22, 2006 at 8:24 am
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    This should be interesting. It’s the type of thing that could kill them if they’re not careful. But they seem like pretty smart guys.

  4. By Gareth Brown posted on July 23, 2006 at 5:09 pm
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    Good luck to them. They’ve done such a good job so far, I can’t see it not working for them long term.