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Why I Invested in Gogii (textPlus) – My First Ever Later Stage Deal

Both Sides of the Table

I invested in LA-based Gogii , one of the fastest growing, most exciting mobile social networking companies you’ve never heard of and maker of a product called textPlus. But who exactly is Gogii, what is textPlus and why are they so exciting if I’ve never heard of them? You fish where your customers are.

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Ten Tech Entrepreneurs Who Are Putting LA on the Map

SoCal Delicious

Even though their business model was tweaked a little while ago to give customers additional leniency, the business is still expecting to break $100 million in revenue this year, up from $25 million in 2010. I worthy cause, with a tough customer, the DOD. Gogii / TextPlus is absolutely one of the best patron cos here in LA.

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Can You Really Build a Great Tech Firm Outside Silicon Valley?

Both Sides of the Table

If you hit a groove on funding and customer growth it does become a challenge to ramp quickly. In San Diego you have Qualcomm so an entire mobile industry has been spawned. Hautelook, Gogii, Magento. Each of these companies exited for more than $500 million and several north of $1 billion. Hit some bumps in the road?