Technology is bringing abundance to the world. But, only a handful of people start the iconic companies with the biggest impact. Floodgate backs these Prime Movers before the rest of the world believes.
Taking risk with these legendary founders at the very beginning of their journeys is core to our DNA and how we add unique value as an investment partner.
Nat Friedman was on a 6 month trip around the world with his wife. But he cut his trip short so he could fly back within 48 hours to start Xamarin. Miguel de Icaza, his co-founder, told him there was a chance to own the Mono framework and apply it to mobile enterprises as part of a standalone company. When an idea grabs you, there is no notion of later. The time is now.
While most people believed .NET was a dead language, they ignored the fact that there were 6-8 million Windows developers worldwide who needed powerful tools to create mobile apps. While everyone was talking in terms like Ruby on RAILS, PHP, Python, and Cocoa, team Xamarin had the contrarian insight to solve a problem that was immediately top of mind to a massive group of developers.