Over ten years ago, Derek Andersen left the corporate world (Electronic Arts) to start a company. He co-founded of Startup Grind and grew it into the world’s largest independent community for entrepreneurs. In 2017, he spun out the community events platform to create Bevy.com. Bevy powers enterprise event communities for brands such as Google, Snowflake, Facebook, HubSpot, Adobe, Salesforce, Slack, Twitch, Atlassian, Zendesk, Twilio, and others.
In 2020 Derek saw an explosion of enterprise brands wanting to build communities while hosting virtual events for customers and employees. And now, Bevy has raised $40 million in Series C funding with a $325 million valuation.
Bevy's investors include world class venture capital companies like Accel, Upfront Ventures, successful founders like Ryan Smith (founder of Qualtrics, valued at around $13 billion), successful sports figures like Michael Johnson (4x Olympic gold Medalist) or big corporate investors like Microsoft.
Derek has bootstrapped Startup Grind for 10 years. With Bevy he decided to go a different fundraising route and raised $55 million in one year. Along the way, he has learned valuable lessons.
Join Derek and one of his investors, Kobie Fuller of Upfront, hear how Derek’s done it - what he’s learned both bootstrapping and funding and perhaps more importantly, what he would never do again.
Bevy / Startup Grind
Co-founder & CEO
Kobie is a partner at Upfront Ventures, the largest and longest-running venture firm in Southern California. He joined the firm in 2016 and has led investments in companies including TheWaveVR, Cordial, Bevy, The Mighty and MetaCX. Kobie has deep experience in SaaS businesses, marketing technologies, and emerging technologies including VR and AR (he was an early personal investor in Oculus which was acquired by Facebook for $3BN). Kobie joined Upfront from Accel, where he was involved in investments including Campaign Monitor, UserTesting, AdRoll, and Invoca. Prior to Accel, Kobie was the Chief Marketing Officer at REVOLVE, one of the largest global fashion ecommerce players based in Los Angeles. Earlier in his career, Kobie helped found OpenView Venture Partners and was an investor at Insight Venture Partners where he sourced notable early investments in Exact Target (acquired by Salesforce for $2.5B) and Instructure (NYSE: INST.) Kobie received an AB in Economics from Harvard University where he was also captain of the track team and a multi Ivy League champion.