In May 2010, Shana Fisher
, the M&A lead at IAC
, angel invested in Pinterest because she loved using it.
Later in 2010, Pinterest went on to raise more angel money, primarily from then Eventbrite
CEO Kevin Hartz
, who gave Ben access to the top VC network in the Silicon valley.
Pinterest grew on an average of 50% month on month throughout 2010 and kept growing steadily through early 2011. In May, 2011, Bessemer Partner along with SV Angel invested about $10 million at a $40 million valuation.
All so, while working from a small house -
Pinterest's growth was so stunning between 2011 and 2012 that it had soon started getting everyone's attention. All major media publications were writing about them. Here's a graph that depicts Pinterests's dramatic growth through a few weeks in 2011 (source
In October, 2011, Pinterest raised $27 million from Andreessen Horowitz at a whopping $200 million valuation.
In 2012, Pinterest was the biggest thing since Facebook.