Emergence Capital

“So it was a long process. It took us, I think, nine months.”

“We're focused exclusively on B to B cloud. We don't do anything outside of that.”

“So we're probably going to invest in another seven companies. So each fund we invest in 20 companies.”

“The power of the network is something that is very hard to recreate. If you were starting from scratch, then you can create a great tool, a great platform. But if you don't have the history that crunch base has, it's going to be very hard to build that.”

“So typical check size is anywhere between five to ten million dollars going in, It's a series A”

“More than one third of the use case for Crunchbase, the lookup use case, original Crunchbase use case, We're not investors. We're salespeople. They were using Crunchbase for prospecting, and that's what got us excited. One-third was HR-related, people in the r…”

“So the last fund was three hundred and thirty million and we're about 60% deployed.”

“Crunchbase has become the system of record for private companies, and they have done that organically without any major investment or any defined strategy.”

“We talked to over 85 CEO candidates for that process, and we ended up getting, I mean, we're fortunate to get Jagger McConnell from Salesforce”

“So we invested seven million dollars.”

“Over the last couple of years, we rebuilt everything to make it scalable, because it was a great asset when it comes to data, not necessarily a great asset when it comes to software architecture, and also when it comes to business model.”

“At first, we refused to come up. I mean, we talked about Instagram filters. Should we come up with Instagram filters? And then we said, no, that's going to be too distracting.”

“So when we spun it out of AOL, we had the thesis that we could create a next gen B to B database. So think of next gen Dan and Bradstreet with a much more efficient and organic data acquisition model. So think of LinkedIn, but for companies instead of for peop…”

“Investors are not a great market. I mean, we're very cheap. We don't like to pay for technology and it's a small market, so it's going to be very hard to build a big company if you're just targeting investors.”

“Actually the day we were in pitching to the company that became our lead investor is the day that the stock market had its now infamous market meltdown.”