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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.
In addition to the pitches themselves, the types of companies presenting forbear trends in the startup world more broadly. Turning to enterprise, collaboration tools have fallen likely dissuaded from entering the fray by the huge success of Slack and others. I’ve been to many YC Demo Days and I always look forward to them.
And I think that’d be a fascinating era for all designers to be working in collaboration with these AI systems. We’re using the technology and the technology is helping us understand how to collaborate with it versus ‘program’ it. Cisco in 2000 was worth half a trillion dollars at its peak. Dylan Field, Figma 4.
M y company had raised a seed round of capital in late 1999 even before either of us were full time in the company (ominous side note: on the way to pitch our seed investor, Delta Partners, a man walking right in front of me died of a massive heart attack making me late to the meeting. True story.) million were enormous.
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