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Portfolio September 28, 2011

Announcing Greylock’s Investment in ClearSlide

An evolution in tools for sales and marketing people

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We’re very happy to be new investors in ClearSlide, a company that builds tools for sales & marketing professionals to communicate — it’s radically simpler than the cumbersome conference tools we use today, and blends synchronous and asynchronous tools to make it easier than ever for sales people to close business. They’ve been flying under the radar since starting a couple of years ago — except with their amazing & rapidly growing customer list, full of raving fans who say they can’t live without it now. This morning they’ve launched more publicly with a new site and an announcement of new funding led by us and Aydin Senkut from Felicis, who led their initial funding.

What’s special about their products today is how simple they are to operate: you can get on the phone and do a product demo or share slides in under a minute. It’s trivially easy to send information around to customers and be able to understand what they viewed themselves or forwarded along. And it closes the loop by allowing easy sharing of all materials and insight with your coworkers.

And it all works in a web browser, with just a URL. No special installs, no plug-ins needed. I’m not talking about just modern browsers, either: any browser, even including IE6. (I’ll wait for your gasps of amazement to die down on that one. Also, it’s the last time I’ll ever mention IE6 on my blog.)

They’ve really thought hard about how to build great tools for sales and marketing people, and it shows.

It was a very quick decision for us — at Greylock, we talk a lot about “our kind of founders” — and Al and Jim are definitely that. Here’s what I mean.

We’ve known Al for some time — he was the founding CTO of Evite — it’s a little hard to remember, at this distance, what a revelation that product was, but it changed everything — it let us interact with each other and collaborate in ways that had just been way too painful previously. And it’s influenced too many startups to count since then.

Well, he and Jim came in to give a presentation to us about they’d done, they jumped right into how their customers love it, how sales are rocketing up, what’s next — and slowly it dawned on me that they were using their own service to present! So I opened up my laptop to type in the URL & access code and bam!, I could see their slides — took maybe 3 seconds. I got sort of excited so pulled out my iPhone, then my iPad — everything just worked. And to Al & Jim’s credit, none of my futzing around with various electronics fazed them one bit. They just kept moving, unsurprised that there were no glitches in what they’d built.

And that’s part of what we mean when we say “our kind of founders” — they’re strong product and operating founders, who after changing the world once with Evite, just put their heads down and did the hard work of building something from scratch these past two years. No hype, no fanfare, just customers that love their products and working with them.

So we’re very excited to get involved in the next phase of their growth, and couldn’t be happier to be leading their funding round. Take a look.

“They’ve really thought hard about how to build great tools for sales and marketing people, and it shows.”