During turbulent times like these I find it helpful to keep in mind how some of the most successful tech startups are created during economic crises.

Here’s a list my partner sent me (original reddit thread and article). I’ve made an extract of those which particularly match our investment scope.

Okta

• SaaS Security software
• Launched 2009
• $6 billion valuation in 2017

Airbnb

• Online marketplace
• Launched 2008
• $31 billion valuation in 2017

Bitly

• URL shortening service
• Launched 2008
• Sold majority stake for $63 million in 2017

Groove Networks

• Productivity software
• Launched 2001
• Sold to Microsoft for $120 million in 2005

Loggly

• Cloud-based log management and analytics service provider
• Launched 2009
• Raised $47 million in funding and sold for an undisclosed amount in 2019

Balsamiq

• Software for designers
• Launched 2008
• $6 million in annual revenue

Asana

• Project management software
• Launched 2008
• $1.5 billion valuation in 2018

Stack Overflow

• Q&A website for programmers
• Launched 2008
• $60 million estimated annual revenue

GitHub

• Hosting for software development version control using Git
• Launched 2008
• Sold to Microsoft for $7.5 billion in 2018