Tumblr

“New York, we believe, has now shown that it consistently can produce billion plus dollar exits, and so that's companies like Etsy and Mongo and Tumblr and a bunch of others, you know, a bunch of e-commerce companies as well.”

“Matt is Director of Seed Investments at Betaworks, who have invested in the likes of Tumblr, Airbnb, Groupon, and Twitter, and have internally built startups such as Chartbeat, Bitly, and Socialflow.”

“David Karp, you know, 19, he starts Tumblr, and him and another fellow named Marco Arment, you know, for two years, just two of them were working on it, and they had the ability just to focus on the product.”

“David Karp's CEO chops went from good to great when he brought in Derek Godfrey to run engineering.”

“If you look at all of our big wins from Oculus to Twitter to Tumblr to Cruise, like all of these companies were, at the day that we invested, were very hard to actually model the exact market size of that company,”

“Started making some angel investments, some of which became USV investments, and some of which were USV investments, so it's an angel in Tumblr, and it's an angel in Etsy, and I brought that deal to Union Square Ventures”

“Whether it be Facebook or Instagram or Pinterest or Vine or Tumblr back in the day or TikTok, you know, it's always been young women who've been that first set of early adopters”

“If you look at Snap, if you look at Vine, if you look at Facebook, if you look at Instagram, if you look at Tumblr, they were all started by people who were, you know, in their early twenties.”

“The first three companies I invested in, in my entire life as an investor were Facebook, Twitter, and Tumblr.”

“Saving my money in my twenties And then deciding to spend all of it in a one year period on Facebook, Twitter, and Tumblr based on at that .10 years of very hard work, diligence of saving and not wasting my money and looking for the opportunity to strike.”

“It had been mismanaged, I think under Yahoo and AWOL and Verizon, and we felt like we could turn it around.”

“Now, fortunately at our business, all the other businesses are doing very well and very profitable.”

“In February, I took over as the CEO of Tumblr. I've been running that personally day to day since then.”

“60% of Tumblr's users are under the age of 25. They're majority female. They're, you know, primarily mobile.”

“It was actually a big challenge when we bought Tumblr because they did have, you know, pretty large office presence. About two thirds of the company was in an office in New York.”

“I wasn't paid at Tumblr for six months, because they couldn't figure that out, and I was like, I was living with my parents, like in my childhood bedroom at the time when I was 25, and like working out of like my childhood bed, literally.”

“One of the things I learned at Tumblr that I think a lot of people in early stage startups that succeed learn is that no one knows what they're doing at most points in time in life and in business.”

“And it honestly was the most important lever that helped Tumblr grow in Latin America and that helped Duolingo grow.”

“In my first 90 days, I closed Uber, Warby Parker Tumblr, and Machine Zone.”