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Jive Talks (finally) talks about $15 million round

Rick Turoczy on August 22, 2007

Last week, I saw the news on Jive Software securing a $15 million round of funding from venture firm Sequoia Capital.

Being the diligent type that I am, I immediately jumped over to the Jive site to get the full story.

Only there wasn’t anything there.

No press release. No blog post. Nothing. Crickets chirping.

But I’ve diligently checked the site, time and time again, since that point, and I am now happy to report that Jive is now talking about the round in a post from the CEO, Dave Hersh, on Jive Talks.

Hersh addresses questions that plague any startup making this sort of control-wresting decision:

  • Why did we raise the money?
  • Why did Sequoia choose Jive to win the space?
  • Why Sequoia?
  • What will change?
  • Was it a hard choice?

For more, read Dave Hersh’s post on Jive Talks, “More on our $15M Funding Round with Sequoia.”

[Update] Mike Rogoway of The Oregonian provides additional coverage—and a little link love for Silicon Florist (Thanks, Mike!)—on the Silicon Forest blog.

Published by Rick Turoczy

More than mildly obsessed with the Portland startup community. Founder and editor at Silicon Florist. Cofounder and general manager at PIE. Follow me on Twitter: @turoczy

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