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Procore was founded in 2003. Finally close own fund in 2003, after 12 months. Invest in seed round of Procore in 2003. Let’s take a fun example of a simply awesome SaaS company that will IPO soon, doing hundreds of millions in ARR — Procore. Imagine you were a seed VC: Started as an angel, in say 2000. Say 5% of $3,000,000,000.
I think it’s more overall more like 2000 to 2003 in Silicon Valley, but there’ll be some industries and celebrated goals that either aren’t effected as much or snap back very quickly. Keith Rabois: No, I think it’s going to be more inconsistent. I think by segment.
This was in 2003 or 2004, and we were spending $2B dollars a year in research which is nothing by today's standards but it was for the most that was being spent at that time. The account management team comes in and they're compensated based on upsells. So I went around to the different product teams.
I graduated school in 2003 and my dad had been in sales for 41 years. And I jumped in in 2003, and to be very honest, for the first six years of my career, I sort of had this very meandering career where I moved from small town to small town. Justin Welsh: Yeah.
Founded in: 2003. Since its inception in 2003, Splunk has been at the forefront of data solutions. Founded in: 2003. Xactly is a SaaS company that provides a comprehensive set of sales and finance management products for designing, building, managing, auditing, and optimizing sales compensation management programs.
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