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Bessemer Venture Partners - Pinterest Memo

  • Report
  • Apr 3, 2011
  • #StartupInvesting #Business
Jeremy Levine
@jeremyl
(Author)
Sarah Tavel
@sarahtavel
(Author)
www.bvp.com
See on www.bvp.com
1 Mention
1 Collection
In 2011, two first-time entrepreneurs pivoted from their original iPhone app to a small social sharing feature of “pinning” product images from around the web. They pitched Jeremy L... Show More

In 2011, two first-time entrepreneurs pivoted from their original iPhone app to a small social sharing feature of “pinning” product images from around the web. They pitched Jeremy Levine without a business model or a scalable architecture. But the passionate, burgeoning community was a positive sign, so Jeremy led the Series A round at a “very expensive” $40 million pre-money valuation. Pinterest went public in 2019, reaching a market cap north of $20 billion.

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Bessemer Venture Partners @BessemerVP
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In 2011, two first-time entrepreneurs pivoted from their original iPhone app to a small social sharing feature of “pinning” product images from around the web. They pitched Jeremy Levine without a business model or a scalable architecture. But the passionate, burgeoning community was a positive sign, so Jeremy led the Series A round at a “very expensive” $40 million pre-money valuation. Pinterest went public in 2019, reaching a market cap north of $20 billion.
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