Tag: Steve Case

Bigcommerce Raises $40 Million from Revolution Growth

imgres-10Bigcommerce, a site that lets anyone create an online store, raised $40 million from Revolution Growth.
Steve Case, co-founder of the Revolution Growth fund and founder of America Online, will also join Bigcommerce’s board.
The Austin-based company, founded by Eddie Machaalani and Mitchell Harper in 2009, has raised $75 million to date.
Bigcommerce’s software has already helped more than 35,000 companies launch online stores, market their businesses and build brands for just $25 a month. Its customers include Gibson Guitar, Zaggora.com, YETI Coolers and many more.
“Bigcommerce is a big idea that aligns perfectly with Revolution Growth’s philosophy: that technology can enable any entrepreneur, in any industry, located anywhere, to build a successful, high-growth business,” Case said in a news release.
Bigcommerce plans to use the funds to further develop its product and for marketing. The company is also hiring new employees.
“At our core, we are simply entrepreneurs helping other entrepreneurs build the business of their dreams,” Bigcommerce co-founder and co-CEO Mitchell Harper said in a news release.

Startup America comes to Texas

Startup Texas launched today.
With Michael Dell on the board of Startup America, it’s natural that Texas is one of the latest regions selected by the organization to help foster entrepreneurship.
Startup America launched earlier this year and is a private-public partnership initiated by President Obama and the White House. But Steve Case, CEO of Startup America Partnership, sees the organization as rallying private companies to help spur innovation and create jobs through startups.
The Startup America regions already include Colorado, Connecticut, Florida, Illinois, Massachusetts and Tennessee. The Austin Chamber of Commerce is spearheading the Startup Texas effort. Its goal is to provide more jobs in central Texas and the chamber plans to provide funding through its Opportunity Austin initiative.
“Cities like Austin prove that as young companies are founded and grow, they create the jobs America needs right now,” Case said a in news release. “We’re thrilled to work with the Austin team to initially launch Startup Texas, and look forward to integrating our resources and reach throughout all of Texas, with its formidable and well-established culture of entrepreneurship.”
John Price, CEO of Vast.com will serve as chair of Startup Texas.

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