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Fred Wilson

A Lot Can Happen In Five Years

Fred, The Industry Standard11.28.2009
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There's a saying I heard recently from someone in the tech business that goes something like this:

Things take longer in the short run but they happen faster in the long run

I am sure I've bastardized the quote but the point is important. Nothing happens as fast as you'd like but if you have a longer term horizon, it is amazing what you can accomplish.

I was reminded of this today when I saw the news of our portfolio company Indeed's five year anniversary.

Indeed.com launched five years ago. I have no idea how many job searches or visitors it had that day, but I can assure you it wasn't many. Five years later, they are the leader in the jobs industry online. Check out these stats:

• The #1 employment website in the US by job search unique visitors and page views (comScore Media Metrix, Oct 2009).

• Websites in 19 countries and 10 languages.

• 24 million unique visitors and one billion job searches per month worldwide.

• The leading pay-for-performance recruitment advertising network.

• The source of thousands of success stories from job seekers andrecruitment advertisers.

• A leading data provider, including Job Analytics, job trendsindustry trendsjob market competition, and salaries.

They did that in just five years. It's


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