Daily Grommet just completed a Series A funding round. Happy days. We attracted a best and brightest group of investors who have themselves founded, built, and financed world-class companies. They believe in our vision to totally disrupt and reform how consumer products get discovered and shared.
We’ll use the new funds to share the Daily Grommet message, and attract more people to submit, share, and support Grommet ideas. Shepherding a startup that launched the week of the October 2008 market crash has been no easy feat. Our team gets lots of credit for that. But the unsung heroes are the early investors who stood by our side throughout this “nerves-of-steel” time period.
We have a raft of smart investors, but today I am highlighting just one: Jill Preotle, who took a board seat and a lead investor position at Daily Grommet. Jill is a co-founder of the Boston Golden Seeds Fund (with Jean Hammond, also a very respected investor). Jill serves on the boards of technology and consumer companies, like Zipcar, Dancing Deer, RedTail Solutions, iTeam and TaskRabbit. Jill’s seen a lot, and been a key contributor to meaningful entrepreneurial success.
As our attorney, Larry Gennari told me about Jill,
Jill is careful where she puts her marker down, but she is a steady supporter once she does. She is tough, insightful, and of the highest character . She is a very good board member who asks the right questions and makes sure that the investors are well represented.
Bob Kagle, of Benchmark Venture Capital, serves on the Zipcar board with Jill and says,
Jill is very sharp. She makes her points elegantly, and humbly, but it’s always the point everyone else wishes they thought of.
Jill and I originally connected because she was one of my coaches for the 2008 Springboard All Things Media Venture Capital Forum. We met at a Back Bay cafe for coffee and I liked her immediately. I remember that I blabbed on too long, and I later heard from a mutual acquaintance, “Jill would like to invest in Daily Grommet, but she said you don’t seem interested.” Nothing was further from the truth…I just missed the signals. Of course, I quickly approached Jill, and she has been a steady supporter ever since.
Like most startups, Daily Grommet has had a few near-death moments. During one such nauseating time period, Jill said, “We can’t let Daily Grommet die. Here is what I am prepared to do….” We lived to see another day because of Jill.
Every entrepreneur probably has an investor hero story. After Jill bridged us through that near death experience, our CMO Jeanne Connon said, “In Jill Preotle I trust.” I told that to Jill and she replied, “In Daily Grommet I trust.”
We are working hard to deserve that trust.