Photo credit: Audrey Cu
Wow, time has flown! I just noticed the date on the calendar — it’s been over 1 year since we released the first iteration of LaunchBit, which at the time was simply a service that helped advertisers manually place ads in a variety of relevant newsletters. No technology, just a test of demand.
We’ve come a long ways since our days in the 500Startups accelerator program. We’ve built out a cost-per-click auction system, dashboards, and a number of algorithms for fraud checking and ad targeting. We’ve worked with fantastic publishers and advertisers, who have helped us get better with constant feedback and patience. For all of this, I’m super grateful and excited to be working with a group of awesome people both within LaunchBit and externally as our partners.
Today, I’m pleased to announce a new group of partners who are helping us get to where we want to go. We’ve raised a seed round of funding from a number of people whose work I’ve long admired: investors 500Startups, VegasTech Fund (Tony Hsieh et al), TriplePoint Capital, Bruno Bowden (ex-Google) as well as entrepreneurs Andrew Chen, David Hauser (Grasshopper Group), Siamak Taghaddos (Grasshopper Group), Yee Lee (One Jackson, Katango), Srini Panguluri (Tagstand, Project Wedding), Omar Seyal (Tagstand), among other close supporters. I’m also super excited to be working with our advisors Andrew Chen and Philip Kaplan (aka Pud).
But, all of this is just the beginning. We have a lot of work to do. So, let’s go!