There is no question that this is one of the toughest economic downturns in history. Luckily, Jive has been blessed with success and has been able to stay a step ahead of the recession. As we head into of the second quarter of 2009, we are riding in from one of our biggest quarters ever and we have never been stronger.
And it always helps to have press to help drive home that point. Today the New York Times published an article outlining how we got to this point. "Start-Up Gets Course in Survival " discusses the steps we've taken to stay healthy and competitive in this economy, with guidance from our funding partner Sequoia Capital:
The changes that Jive has made since the Sequoia meeting illustrate the ways in which young technology companies have trimmed costs and narrowed their focus in an effort to stay alive. “Jive is the poster child. They nailed it,” Jim Goetz, the Sequoia partner who is on Jive’s board, told The Times. In the quarter ended in March, Jive booked higher revenue than any quarter in its history, and it plans to start hiring again.
It's a great piece. My only complaint was that I wasn't a huge fan of the "near tears" line . "Sincere" would have been much better for my ego. Also, I don't think it captured the impact of our original leadership team and how critical they were to our success as a company. This company was built on the strength of some great individuals and while it's easy for a story to position it as "not scaling", the truth is a much richer tapestry. We went through a transition and in some cases it's better to bring different people with different backgrounds to help that transition. But I stand by our original team as a solid group of dedicated individuals -- it was a tough transition and we wouldn't be who we are without those folks.