CRV

CRV appears in Eric Migicovsky on Pebble, Kickstarter, and Building for Yourself as the venture firm that invested about $15 million in Pebble in 2013. The source places that financing inside Pebble’s post-Kickstarter attempt to turn a breakout hardware campaign into a larger venture-backed consumer-electronics company.

CRV’s wiki role in this source is contextual. The firm helps mark the transition from crowdfunding proof and shipping the first product into the growth-capital track where revenue targets, competition, inventory planning, and later Venture Debt Operational Risk became more consequential.

Jared Friedman, Partner, Y Combinator; Co-founder, Scribd adds CRV to Scribd’s financing path. Jared Friedman says CRV offered a Series A term sheet after Scribd’s launch, but the company chose Redpoint for that round. CRV later led the Series B during the 2008 financial crisis, which Jared says saved Scribd.

Connections

• Scribd, Jared Friedman, Redpoint, and Startup Runway Discipline - Scribd financing and crisis-survival context added by the Jared Friedman episode.
• Pebble and Eric Migicovsky - company and founder context.
• Kickstarter, Hardware Inventory Risk, and Venture Debt Operational Risk - financing sequence and operating risks.
• Hard Tech Fundraising and Financial Gravity - adjacent funding-pressure concepts.