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  • Survey Monkey: Surveying the Tech Landscape

    What’s your growth strategy?

    I first spoke with Dave Goldberg in October, when I was working on a piece about successful startups that aren’t yet household names. Goldberg runs SurveyMonkey, a Palo Alto, CA firm that lets users create online surveys for free and, for more elaborate surveys, pay up to $65 a month. Founder Ryan Finley started SurveyMonkey in 1999. With his brother Chris, Finley grew the company to a rumored $30 million in sales– without raising any outside funding. In 2009, Spectrum Equity and Bain Capital bought out the Finleys, installing Goldberg, a former Yahoo exec, as the chief executive.

    Since then, SurveyMonkey has been buying on a bit of a buying spree. In June 2010 it acquired phone polling startup Precision Polling. After closing a $100 million round of senior debt financing that November, it bought WuFoo, which makes online forms. Last year SurveyMonkey bought a stake in survey provider Clicktools.

    In December SurveyMonkey teamed up with TPG Capital to buy part of MarketTools, a rival firm. At the time, TPG’s single-digit stake in SurveyMonkey valued the firm at $1 billion, according to the New York Times.

    I met with Goldberg while he was visiting New York last week. If he was excited about an upcoming Facebook IPO– where wife Sheryl Sandberg is COO– he didn’t let on. Below is a condensed, edited version of our conversation.

    What’s your growth strategy?

    Read Full Article on Forbes.com

    Good luck.

    Calvin Wilson
    Founder and CEO
    Upstart: Business and Management for 20-40 Year Old Professionals

    Filed Under: Gamechangers


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