Announcing Greylock’s Investment in ClearSlide

We’re very happy to be new investors in ClearSlide, a company that builds tools for sales & marketing professionals to communicate — it’s radically simpler than the cumbersome conference tools we use today, and blends synchronous and asynchronous tools to make it easier than ever for sales people to close business. They’ve been flying under the radar since starting a couple of years ago — except with their amazing & rapidly growing customer list, full of raving fans who say they can’t live without it now. This morning they’ve launched more publicly with a new site and an announcement of new funding led by us and Aydin Senkut from Felicis, who led their initial funding.

What’s special about their products today is how simple they are to operate: you can get on the phone and do a product demo or share slides in under a minute. It’s trivially easy to send information around to customers and be able to understand what they viewed themselves or forwarded along. And it closes the loop by allowing easy sharing of all materials and insight with your coworkers.

And it all works in a web browser, with just a URL. No special installs, no plug-ins needed. I’m not talking about just modern browsers, either: any browser, even including IE6. (I’ll wait for your gasps of amazement to die down on that one. Also, it’s the last time I’ll ever mention IE6 on my blog. :-) )

They’ve really thought hard about how to build great tools for sales and marketing people, and it shows.

It was a very quick decision for us — at Greylock, we talk a lot about “our kind of founders” — and Al and Jim are definitely that. Here’s what I mean.

We’ve known Al for some time — he was the founding CTO of Evite — it’s a little hard to remember, at this distance, what a revelation that product was, but it changed everything — it let us interact with each other and collaborate in ways that had just been way too painful previously. And it’s influenced too many startups to count since then.

Well, he and Jim came in to give a presentation to us about they’d done, they jumped right into how their customers love it, how sales are rocketing up, what’s next — and slowly it dawned on me that they were using their own service to present! So I opened up my laptop to type in the URL & access code and bam!, I could see their slides — took maybe 3 seconds. I got sort of excited so pulled out my iPhone, then my iPad — everything just worked. And to Al & Jim’s credit, none of my futzing around with various electronics fazed them one bit. They just kept moving, unsurprised that there were no glitches in what they’d built.

And that’s part of what we mean when we say “our kind of founders” — they’re strong product and operating founders, who after changing the world once with Evite, just put their heads down and did the hard work of building something from scratch these past two years. No hype, no fanfare, just customers that love their products and working with them.

So we’re very excited to get involved in the next phase of their growth, and couldn’t be happier to be leading their funding round. Take a look.

http://john.jubjubs.net/2011/09/28/announcing-greylocks-investment-in-clearslide/

John Lilly is a partner at Greylock Partners and former CEO of Mozilla.

Announcing our investment in Tumblr

I’m super excited to announce Greylock’s investment in Tumblr.

We knew Tumblr was big when we started talking with David and John over the summer — over the last year or so, it’s practically exploded onto the scene — it seems like every piece of interesting content and expression you see today has been posted on someone’s Tumblr. The numbers back that up — last month the 30 million blogs on Tumblr generated 13 billion page views.

As we got to know the team there more, it became a more and more obvious decision for us to get involved. We love entrepreneurs who are product visionaries, who have a strong point of view and who want to build great products that affect hundreds of millions of users. David is clearly one of those — a founder with deep character and a desire to build a meaningful, enduring set of products and a company that users love.

What we didn’t know when we started, but learned as we went is that in addition to the ubiquity of Tumblr today, the engagement of users and posters and rebloggers is absolutely off the charts. Good content gets surfaced and spread incredibly rapidly — more quickly than any other network I’ve ever encountered. Lots of reasons for this incredible engagement — the team at Tumblr has done a wonderful job of figuring out some fundamental and novel avenues for self-expression. I’ve found so many interesting posts and perspectives on Tumblr that I never would have found without it — and it’s clear that that’s been the experience for millions of other users.

At Greylock, we’re always looking for the breakout companies — because we’ve each been involved in building and growing some of the companies with the broadest reach in history (Facebook, LinkedIn, Pandora, Mozilla, and more), we have a huge respect for founders and teams that have gotten to real scale like Tumblr has.

So Greylock and I are thrilled to be involved with Tumblr now, and we’re excited to help the company take the next steps forward into becoming an even more powerful platform for self-expression and discovery.

And you can find my own Tumblr at lilly.tumblr.com. :-)

John Lilly is a partner at Greylock Partners and former CEO of Mozilla.

One Kings Lane Raises $40 million

Congrats to Doug Mack, Susan Feldman, Alison Pincus, and the entire One Kings Lane team on today’s announcement of a $40 million round of financing, led by Tiger Global (http://tcrn.ch/pzEvbn).
Doug, Susan and Ali are the foundation of a special team that is absolutely cranking.

At the time of our investment, I wrote a blog posting called “How Ecommerce Got Its Groove Back” (http://greylockvc.com/2011/02/11/how-e-commerce-got-its-groove-back/). That posting focused on how One Kings Lane was at the forefront of a new wave of e-commerce companies with fundamentally better business models. I wrote then about three factors that stood out for us about the company. First, a team that is a unique blend of right and left brain talent. Second, a growing customer base of addicts and evangelists. And third, a huge market for home décor that lacked an existing dominant online brand.

My excitement about the business continues to grow, just as the stack of fresh One Kings Lane delivery boxes continues to pile up in the front hallway of our house. The One Kings Lane team has continued to get deeper and stronger, the customer base has dramatically expanded yet has also remained highly engaged, and the business is on track to exceed $100 million in revenue this year. Pretty amazing progress for a company that is not yet three years old! There’s still no dominant online brand in the market for home décor. But I think the One Kings Lane team has the passion, talent and resources to change that.

It’s been a great pleasure working with you. Keep on jamming!

-James Slavet
James Slavet is a partner on the consumer technology team at Greylock Partners. James’ investments include Auditude, Groupon, High Gear Media, One Kings Lane, Redfin, Revision3 and TellApart.

Welcome Josh Elman

I’m very happy to announce here that Josh Elman (http://www.linkedin.com/profile/view?id=40349, @joshelman) is joining Greylock Partners as a Principal starting Monday. We’re super excited that he’s joining, because he both fits so well into the team and values that we have here, but also for the new qualities that he’s bringing to the team.

Josh is a product thinker first and foremost, even back to his time at Stanford in Symbolic Systems. He’s had an astonishing run of finding incredibly interesting social Internet products and working on them; his track record includes RealNetworks, Zazzle, LinkedIn, Facebook & Twitter — a run of amazing products and companies that I think is unmatched. Along the way, he’s been a developer, manager & product manager, and has run programs related to LinkedIn Jobs, Facebook Connect, Twitter Growth and more — and like a number of us at Greylock, Josh has already been integral in working on products used by hundreds of millions of people around the world.

So please welcome Josh to Greylock, where we’ll continue to build our culture of product oriented, operators who can help evolve the venture capital business and continue Greylock’s long history of finding and funding category leaders and great entrepreneurs. I’m really looking forward to working with Josh and learning from him in the coming years.

- John

John Lilly is a partner at Greylock Partners and former CEO of Mozilla.

 

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