37signals - History

History

The company's initial focus was on website redesign, including work for Panera Bread and Shopping.com. The Meetup.com website was designed by web design service, whereby a single web page would be redesigned for a set fee in one week.

Work on the company's first product, the project management application Basecamp, began in 2003.

By 2005, the company had moved away from consulting work to focus exclusively on its web applications. The Ruby on Rails web application framework was extracted from the work on Basecamp and released as open source.

On July 20, 2006, the company announced that Jeff Bezos had acquired a minority stake through a $10 million investment via his personal investment company, Bezos Expeditions.

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