Amazon's Jeff Bezos invests in 37 Signals

The founders of 37 Signals, that set a new trend for web2.0 applications ( BaseCamp, Tadalist, backpack and Whiteboard) that are extremely simple and easy to use, have been long denying funding from Venture Capitalists. They have been looking for some thing special in a Venture capitalist, just like they have been some thing special in the world of vanilla web applications.
Since we launched Basecamp we’ve been contacted by nearly 30 different VC firms. We’ve never been interested in the typical traditional VC deal. With a few exceptions, all the VCs could offer us was cash and connections. We’re fine on both of those fronts. We don’t need their money to run the business and our little black book is full. We’re looking for something else.

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.

So here Jeff Bezos, of Amazon fame, is investing in 37 Signals through his private investment company Bezos Expeditions. While Jeff Bezos and founders of 37 Signals seem to have created and followed different philosophies in running their fame businesses, at the core of entrepreneurship, they are really some thing special. And it is great to see some great minds come together.

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