USV's 2004 fund invested in Twitter, Tumblr, Indeed, Etsy, and Zynga. Those likely represent the 5 double-digit return multiples Fred references. It was an astonishingly good fund — certainly among the best of its vintage and perhaps among the best of all time.
Indeed.com sold for around $1 billion, or so I heard from a startup founder that I did some consulting work for (he was in the recruitment space too, and had a prior exit or two). Later googled for that info and saw links that looked like it was true. A Japanese company recruiter.com bought it. Interestingly, I don't remember reading about the Indeed sale on Fred's blog, though I've been reading it for some years now. Could have missed the post, or could be he never wrote about it.
> Indeed has always been the quiet one. Nobody really talks about them. But as I have said a number of times on this blog, they are the most complete company in our portfolio. They have it all. Two world class entrepreneurs as founders. A solid management team all up and down the company. A product that is beloved and services more than 80mm people worldwide every month. An engineering team that has kept the service up with literally no down time that I can ever remember. A business model that, like Google's, is the best on the Internet. Revenues, profits, customer satisfaction, shareholder value. They built a fortress and I am just so happy to have had a front row seat watching them build it.
