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Turning to enterprise, collaboration tools have fallen likely dissuaded from entering the fray by the huge success of Slack and others. One analyst counts more than 2000 software products catering to marketing teams, up from 1000 the year before. Demo Day is a window into the future of consumer and enterprise investments.
million which closed the first week of March 2000 – a week before the market crashed. I hired a senior exec from the building materials industry (we were a document collaboration company for the engineering & construction industry) who was also ex McKinsey. 2 weeks later and we may never have raised any more VC.
We raised a seed round of capital in 1999 and our first venture capital round was the first week of March 2000 (e.g. We were immediately thrust into a globally competitive market for B2B collaboration tools. But this was early 2000 and our US competitors had already closed rounds North of $45 million.
James Carse describes finite games and infinite games – finite games have an end, when one person wins and another person loses; infinite games never end, as players collaborate to discover what’s possible in the game. Now, in addition, it is a God-given instrument to do the constructive work of mankind.” Murray was right too.
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