Raising $55M in One Year: How I Did It.

Apr 13, 2021, 6:00 – 8:15 PM

Over ten years ago, Derek Andersen left the corporate world (Electronic Arts) to start a company. He co-founded of Startup Grind and then in 2017 Bevy.com. Derek bootstrapped Startup Grind for 10 years. With Bevy he decided to take a different fundraising route and raised $55 million in one year, bringing Bevy's valuation to $325 million. Along the way, he has learned valuable lessons.

Virtual event

About this event

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.

Check out what happened

Speakers

  • Derek Andersen

    Bevy / Startup Grind

    Co-founder & CEO

  • Kobie Fuller

    Upfront Ventures

    Partner

Organizers

  • Prem Sangeet Petar Savic

    Supreme Factory

    London Director

  • James Lethem

    Nascence

    Co-Director

  • Sam Adekunle

    Grone Collective

    Head of Special Projects & Initiatives

  • Gabriel Pizzolante

    UK GAP Consulting

    Ambassador

Presenting

Lewis Silkin logo

Lewis Silkin

Pentins logo

Pentins

Claim Capital logo

Claim Capital

Wayra UK Ltd. logo

Wayra UK Ltd.

Partner

Wework Labs logo

Wework Labs

About Startup Grind

This is Startup Grind. We are the world’s largest startup community.

Our Mission

To give startups everywhere the education and opportunities they need to build, grow, and scale their companies.

Our Values

We believe in making friends, not contacts. We believe in giving first, not taking. We believe in helping others before helping yourself.

Tools & Discounts for Startups

Take advantage of resources and offers provided by organizations we know and love, designed to help you navigate the startup journey.

Global Conference

Our annual flagship event in Silicon Valley brings together thousands of startup teams, investors and organizations from all over the world.

Join the Startup Membership

This membership gives you free access to networking, events, mentorship, office hours, and other exclusive opportunities curated by Startup Grind HQ.