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Reading about the nascent internet in early editions of Wired magazine inspired him to move to the West Coast. The market for great talent is much more liquid than it’s ever been.”Īfter his childhood in Switzerland, Rimer’s interest in technology was piqued as a student at Harvard. People come out of the Spotifys or Skypes of this world and they’re looking for their next opportunity. Now Europe has so many fantastic executives who are willing to leave more traditional companies and success breeds success. The challenge was to surround them with great operating experience and great executives. “Europe has always had amazing entrepreneurs. When we opened the office in London, we knew something really important was going on, but most people had no idea. He started Index’s British base, now its largest, in 2002 at a time when American investors saw Europe as “a museum, a great place to tour during the summer. You could be forgiven for thinking from his accent that Rimer, 52, is American, but he is far more European, having grown up in Geneva with a Canadian family. It’s about good times and challenging times.” The Index share of Figma is understood to be $2.6 billion. “We’ve done a lot of growing up together over the decade. ![]() Index, Figma’s biggest backer, came in at a very early stage when Dylan Field, its co-founder, was a 19-year-old university dropout. #Dropbox help moving dropbox stopped softwareRimer is particularly proud of his latest success, the sale a fortnight ago of Figma, a design software specialist, to Adobe for $20 billion, a price ten times the company’s 2019 valuation. The LLP manages 15 “closed-ended” funds, and last year Index distributed billions of dollars in returns to its investors. It announced $3 billion of new funds last year. #Dropbox help moving dropbox stopped professionalSince its inception, it has raised $12 billion mainly from pension funds, endowments, non-profit organisations and professional investors, but not family offices or sovereign funds. It has invested in some of Britain’s most successful businesses, from Wise and Revolut to Just Eat and Deliveroo. Index Ventures, founded in Geneva in 1996, was built on the notion that there was untapped potential in European technology companies that was being overlooked by investors from Silicon Valley. ![]() #Dropbox help moving dropbox stopped freeSeeing that develop, that there are more Poles living outside Poland than in Poland and that Chicago has a larger base of Poles than Warsaw and that the diaspora could be connected through this free tool and become a global phenomenon was really amazing.” “Net-a-Porter’s Natalie Massenet is an incredible entrepreneur and I would back her any day of the week again.” Then there is the “fascinating” evolution of Skype, allowing people to speak to one another around the world without charge, “leveraging the infrastructure and architecture of the internet. That is, perhaps, not a surprise, given that Dropbox, Farfetch, Etsy, Skype and Net-a-Porter are among the technology companies he has backed in his 20 years at Index Ventures. ![]() Published in The Times on Saturday 1 October 2022, republished with the permission of the publisherĪsk Danny Rimer to pick his favourite investments and he says it’s like asking him to choose between his children, so he won’t be drawn. ![]()
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