37signals accepts Venture Capital funding
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 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.
Matt Craven is the former editor & publisher of The Blog Herald. Currently, Matt is the co-founder of Bryghtpath LLC, a consulting practice located in Woodbury, Minnesota. Matt's presently looking for new blogging gigs. Ping him at matt (at) bryghtpath dot com. You can follow him on Twitter.
My guess is they won’t. Just scaling is my guess.
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
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.
Good luck to them. They’ve done such a good job so far, I can’t see it not working for them long term.