Investing in Hopin

The last 12 months have fundamentally changed how we work together. In a few short months, many businesses had to adapt to a world where bringing people together in person was no longer possible. Conferences, training, community gatherings, seminars, all-hands meetings—the list of gatherings that have switched to virtual is endless.

As the world slowly recovers from the pandemic, it’s hard to foresee exactly what a gathering of people will look like in the future. We can, however, be sure of two things 1) it won’t look like events did before and 2) it will involve innovative technology to bring people together.

In the crowded field of companies and tools that have set out to capture this opportunity, Hopin has very quickly become a standout. In a short span of time (the company launched in February 2020!), they’ve emerged as the leader in the space with their all-in-one event platform. From hosting large enterprise events to live event production with StreamYard, Hopin has won over customers with their relentless pace of execution and how well the experience approximates a real world event.

For anyone who has met Johnny Boufarhat, the above will come as no surprise. He first conceived of Hopin while battling an autoimmune condition that prevented him from attending events in person. He has since built out a compelling suite of products almost entirely under the pressure of the pandemic and increased demand for highly reliable platforms. We’ve had the opportunity to meet with Johnny several times over the last year, and every time he presented his plans we thought they were audacious and impossible…until he came back exceeding them a few months later. And then again…and again! We see this level of execution in the growth fund from time to time, but rarely at such a magnitude and over such a short period of time.

For these reasons and more, we are thrilled to announce that a16z is investing in Hopin from the growth fund, and that Sriram Krishnan will be joining their board. For Sriram, this is a natural next step in his relationship with Johnny and Hopin, which has involved many late nights spent discussing product and company-building over the past year.

In the coming years, we’ll be partnering with Johnny and his team and helping as they build their product and business. This is just the beginning—we can’t wait to see all of you in a Hopin event soon!

 

***

The views expressed here are those of the individual AH Capital Management, L.L.C. (“a16z”) personnel quoted and are not the views of a16z or its affiliates. Certain information contained in here has been obtained from third-party sources, including from portfolio companies of funds managed by a16z. While taken from sources believed to be reliable, a16z has not independently verified such information and makes no representations about the enduring accuracy of the information or its appropriateness for a given situation. In addition, this content may include third-party advertisements; a16z has not reviewed such advertisements and does not endorse any advertising content contained therein.

This content is provided for informational purposes only, and should not be relied upon as legal, business, investment, or tax advice. You should consult your own advisers as to those matters. References to any securities or digital assets are for illustrative purposes only, and do not constitute an investment recommendation or offer to provide investment advisory services. Furthermore, this content is not directed at nor intended for use by any investors or prospective investors, and may not under any circumstances be relied upon when making a decision to invest in any fund managed by a16z. (An offering to invest in an a16z fund will be made only by the private placement memorandum, subscription agreement, and other relevant documentation of any such fund and should be read in their entirety.) Any investments or portfolio companies mentioned, referred to, or described are not representative of all investments in vehicles managed by a16z, and there can be no assurance that the investments will be profitable or that other investments made in the future will have similar characteristics or results. A list of investments made by funds managed by Andreessen Horowitz (excluding investments for which the issuer has not provided permission for a16z to disclose publicly as well as unannounced investments in publicly traded digital assets) is available at https://a16z.com/investments/.

Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others. Please see https://a16z.com/disclosures for additional important information.

Want more a16z?

Sign up to get our best articles, latest podcasts, and news on our investments emailed to you.