One of PagerDuty's earliest investor shares why he went big on the IT-management company before it reached $1.76 billion

is Bessemer's fifth developer-focused exit since 2015, when Shopify went public with a $1.27 billion valuation. Bessemer was also an early investor in Twilio and SendGrid, which both went public before Twilio acquired SendGrid last year.

At the end of a pre-investment meeting, Kurzweil handed founder Alex Solomon a pager. A few hours later, Kurzweil paged Solomon with these fortune defining words:"Congrats we'd like to fund you!" Considering it was 2014, it took the team at Bessemer some time and effort to actually find a pager and figure out how to work it.

They're not the only firm in Silicon Valley to win big. Andreessen Horowitz, which led PagerDuty's Series A round, owns 16.2% of the company, or around $283 million. Accel, which led its Series C, owns 10.8% of the company, or around $189 million.

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Here's one easy way to pay less to your credit card companyThe majority of consumers who asked their card issuer in the last year to waive a fee or reduce their interest rate were successful in getting a break. Lol BankofAmerica would actually raise your interest rates if you ask for a lower rate ScumbagBank We like the work that you do, keep it coming. check out partnerts instactyptonews , they have a great account and we working together on developing super fast tweets & news delivery . Oooohh pick me pick me! I got this one! 'Pay your bill at the end of the month.' Is that it? Is that right? Did I win the internet today?
Fuente: CNBC - 🏆 12. / 72 Leer más »