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Microsoft Pri0

Welcome to Microsoft Pri0: That's Microspeak for top priority, and that's the news and observations you'll find here from Seattle Times technology reporter Matt Day.

July 20, 2006 at 1:44 PM

Bezos invests in Chicago startup

Amazon.com Chief Executive Jeff Bezos has made a private investment in 37Signals, the company announced in its blog today. The funding is actually through Bezos’ personal investment company, Bezos Expeditions.

The Chicago-based company makes Web-based applications such as the project management program Basecamp and the personal organizer Backpack.

In the blog posting, 37Signals founder Jason Fried says the company has been contacted by about 30 venture capital firms, but was more interested in what someone like Bezos could bring to the table:

What we’ve been looking for is the wisdom of a very special entrepreneur who’s been through what we’re going through. Someone who sees things a little differently and makes us feel right at home. Someone with a long term outlook, not a build-to-flip mentality. We found a perfect match in Jeff. Jeff is our kinda guy.

(Via Om Malik.)

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