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It’s intended in a discussion with an entrepreneur to get them to question whether there is really amazing underlying value in the product or service they’re offering. I talked in specifics about a bunch of my investments including Factual , MongoLab , Maker Studios and Gogii (maker of TextPlus ). GroupMe to Skype.
We were talking about a company, Factual (disclosure my firm is an investor), which was founded by one of LA’s most talented Internet entrepreneurs, Gil Elbaz , who as co-founder of Applied Semantics (purchased by pre-IPO Google for $102 million and now Google AdSense) is responsible for a large portion of the Internet’s monetization.
In this capacity I can tell any entrepreneurs raising early-stage capital that I would have Matt on my short list if I were raising. Gogii [the original company name] was an early leader in the free text messaging space and we had tens of millions of downloads of our product. He’s with you in good times & bad.
Personally, I've been an entrepreneur for 15 years, running companies with P and L responsibility for divisions, and watched with frustration as the Internet has grown up around us. He's now at Gogii, which has received investment from Kleiner. What's the idea behind Zubican? COM, and Vivendi Universal.
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? My excitement really starts with the Gogii team!
Ten Tech Entrepreneurs Who Are Putting LA on the Map. Tech startup accelerators dot the landscape, feeding investments into the waiting arms of the nation’s most intelligent and driven entrepreneurs. Miller was even honored as an Ernst & Young “Entrepreneur of the Year” for 2011. Follow PandoDaily: Search.
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