Rise of the Rest Roundtable Part 1: Stories and Strategies from 5 Breakthrough Tech Entrepreneurs
Our guest today is Chris Heivly, who just might be the world’s first actual map geek. I say that because he co-founded one of the first online navigation tools, MapQuest.
Some of you listeners may be too young to remember MapQuest and the wonderful experience of searching your route on your home computer so you could print your directions and take them with you.. But back in the day, MapQuest was like pure magic.
This company was Heivly’s first and it blazed the trail for other navigation-powered apps like Google Maps, Waze, and Uber. MapQuest went public in 1999 and was acquired by AOL for $1.1 Billion dollars in the year 2000. That’s billion with a capital B.
That’s a lot of money by any measure, but it was especially enormous when they sold back in the year 2000.
Since his successful exit, Chris Heivly has personally directed over $75 million in investment capital on behalf of large companies including Rand McNally, Accenture, and others.
He recently closed down the Startup Factory, which was the largest seed investment firm in the Southeast. And this conversation with Chris is just before they made their last investment at The Startup Factory (or TSF as we sometimes refer to it in this interview). But they had already made over 30 investments in high-growth startups and we caught Heivly just after a demo day for a group of their portfolio companies, so it was the perfect time to get his insight.
I want to make sure I give a shout out to his book based on his famous TEDx talk, Build The Fort, which you can find on Amazon, Kindle, or Audible. He’s super active on his personal website Heivly.com and on twitter @ChrisHeivly. So give him a shout and tell him I sent you!
These show notes were originally posted on Powderkeg
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