A startup is more than an early stage company. It’s a small operation reaching for something big; an innovation ready to explode. If this sounds like your business, learn some of the latest startup lingo to help you in the early funding stages.
One of the most anticipated tech conferences of the year, TechCrunch Disrupt brings together the greatest minds in tech. At this year’s conference, a group of GA Web Development Immersive alumni took home an award for Best CrunchBase App at Disrupt NY Hackathon. Teammates Kevin McAlear, Tahira Adaya, Kirsten Doyne, Ilias Tsangaris, and Zack Stayman came together to develop their skills and have a “fun, nerdy weekend with friends.”
Gal Josefsberg is the VP of Product Development at SocialChorus and instructor at GA in San Francisco. In this blog, Gal describes the changes in fundraising needs throughout the years and how you can get your startup off the ground without VC buy-in.
Back In My Day…
I started my career in 1997. Back then, the internet boom was just starting out and companies were launching into insane valuations over night. It seemed like everyone was putting together a new site and then going IPO for hundreds of millions of dollars. Of course, we all know how that ended. The bubble burst and websites like eToys, pets.com and others lost their insane valuations just as fast as they earned them. However, what few people remember about that age is that simple sites (and they were very simple back then) like eToys and pets.com needed millions of dollars to get off the ground.
Since our launch in 2011, General Assembly has made tremendous progress towards our long-term vision: Creating a global community of individuals empowered to pursue the work they love. General Assembly has already touched hundreds of thousands of lives, with a community of more than 100,000 students, including an alumni network of more than 6,000 graduates of our courses across eight campuses.
While our progress has been tremendous, our work has barely begun. Our mandate, our deepest organizational responsibility, is to support these alumni not just now, but for many, many years to come. It is this obligation that led to our new round of funding for General Assembly, designed to ensure that we will be able to educate students and help decades of alumni yet to come. Led by Institutional Venture Partners (IVP), this round represents over $35 million of investment, with participation from other investors including GSV Capital, Rethink Education, Maveron, and Western Technology Investment. IVP is an incredible firm, with an awe-inspiring portfolio including Twitter, Omniture, Netflix, Akamai, Soundcloud, and Snapchat. Todd Chaffee, general partner at IVP, is joining our board, and we’re proud to partner with the firm as we continue to expand our audience and scope of offerings.
While we look toward the future, I also want to recognize General Assembly’s team today. We have 250 amazing, talented people, working tirelessly from outposts across the globe. Working at a startup is a constant challenge and I’m proud of what our team has accomplished. Our ability to continue to invest and grow is due to their commitment to General Assembly and to our students; they are the most crucial element of our collective success to date.
While a financing round is a milestone, it is hardly an endpoint. We want to build General Assembly to still be thriving 75 years from now, and have mountains of work to do to continue to serve our students, alumni, and the countless individuals we have yet to reach. There will be new courses, new campuses, and new audiences to come. We look forward to sharing them with our growing global community.