PitchBook September 02, 2013
It started small. A few vague ideas thrown around in meetings. A lot of sentences that started with: “Wouldn’t it be great if the platform could….?” and “We should try to make it easier for clients to…”
But eighteen months ago, a complete overhaul of the PitchBook Platform seemed daunting. It was a pipe dream that we cryptically referred to around the office as “The Motherload” because what we had in mind back then was the holy grail of PE and VC research tools. We knew we needed to start small, though, so we put The Motherload on a shelf and affectionately referred to the baby steps we could feasibly make as “Little Mama.”
Fortunately, PitchBook saw tremendous growth after we hatched this crazy pipe dream. Loyal clients continued to renew their subscriptions and new clients signed up after seeing the increasing value in our data. So, as savvy startups tend to do when they see growth, we invested in talent. Our team rapidly expanded and we all forged ahead toward our goal.
While it may have started small, the new PitchBook has surpassed even what we hoped for in those early days of wishing and pining…because that is the nature of technology. It’s fun. It’s exciting. It’s inspiring. It’s surreal to watch, and even more surreal to be a part of.
Our new product’s official name is “the new PitchBook Platform,” but it’s still Little Mama to us. It’s our baby, and we’re excited to present it to the world and watch it continue to grow. As John Gabbert, our founder and CEO recently said: “…technology has to evolve alongside the needs of the people it serves.” We’re proud of our work and we hope it serves our clients well.