The other members of the founding team are in the same league: genuine badasses with very specific domain expertise. Caith Chapman, Chief Marketing Officer and Head of M&A, has over 15 years of experience in the consumer internet space, including product management for Tastemade, MapMyFitness and Demand Media. Chris Duty, VP of Product Management and Operations, has been hands-on with consumer mobile apps for years during his time as head of product at Student.com and RetailMeNot, and lastly helped run an FBA business that sold for seven figures. Mike Farrar, CFO, has worked with Richard three times, where they ran multiple fast-growing operations and executed many M&A transactions and financings together. We always say an investment for us is not just about believing in the business idea, it’s about believing in the founding team, and Richard, Caith, Chris and Mike’s strong track records are a perfect example of why.
We also talk about our Company Building strategy when we discuss new investments, and this is an investment that we’ll get to frequently deploy this strategy. This is a play we know well. Our Co-Founder Thomas Ball was part of the team that were the first and lead investors in RetailMeNot and Jam City, which both ran a similar strategy in their respective industries. Also during his time at Austin Ventures, that firm was also the first investor in HomeAway, another very similar play in the vacation rentals space. 101’s strategy is something we understand both in its beginning stages and the road bumps it can hit over its lifetime, and we’ll be there with our sleeves rolled up working with Richard and his team along the way. The 101 team has even been working from our offices for the past few months, giving us the opportunity to get hands-on with our Company Building efforts as they grow.