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37signals bites the apple. Accepts VC funding.

Posted on 22 July 2006 by Lord Brar

They have talked about Getting Real. They have always hated it when companies become complex and making decisions becomes more bureaucratic. However, Chicago based 37Signals — the company behind TaDa Lists, BackPack etc. — has fallen to the temptation of big VC money and have accepted investment from Jeff Bezos, founder of the online retailing giant Amazon, through his Bezos Expeditions fund.

So, why did they bite the apple? In their own words –

What we’ve been looking for is the wisdom of a very special entrepreneur who’s been through what we’re going through. Someone who sees things a little differently and makes us feel right at home. Someone with a long term outlook, not a build-to-flip mentality. We found a perfect match in Jeff. Jeff is our kinda guy.

Perfect reason guys! :) Heck, if I had this sort of opportunity in front of me, even I would go in for it no matter how much I hate running public companies.

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This is a viral video from Youtube that is getting a lot of attention.

I will let the author set the scene:

It was back in Oct 2005.

My wedding was about a month to go and I decided to make a memorable event for my future wife. But, I and she were working and due to preparation of wedding, I didn’t have enough budgets for expensive proposal. While I was considering for the event, I remembered what she said in the past. “Wow it would be great if I can get a chance to go in the room with full of yellow post it just like Sang Sang Plus” (Sang Sang Plus is one of the famous talk show (TV program) in Korea and they prepare a room with full of yellow post it – questions from fans to famous celebrity)

I wrote all the happy memories that I had with my wife in 5,940 post it. It took me 4 days & 5 nights to write everything and post it in the bathroom. (I tried main living room first, but, due to surface of wallpaper, I had to change the place) Once we back from honeymoon, we took all the post it off and kept it in the box until now.

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