Last week, we celebrated FMYI’s eighth anniversary. Let’s take a look back at the beginning of FMYI.
I started the company on January 28th because in Chinese, eight is good luck. I can still remember that first morning working out of Urban Grind Coffeehouse here in Portland’s Pearl District, which became FMYI HQ for much of the first year. Urban Grind owner Kevin Crawford created a thriving coffee shop for artists, knowledge workers, and the tech community in Portland. The irony is I don’t really drink coffee. I soon became a “social coffee drinker.“
The goal from day one was to start as a bootstrapped company and focus on revenue, not raising external capital. I’m proud that thanks to the efforts of our team, we became profitably early on, but it wouldn’t have been possible without a little bit of money my grandmother left me when she passed away. Recently, I spoke at the Net Impact conference on a panel called, “Not your Grandma’s CEO.“ I first had to confess to the crowd that I am my grandma’s CEO because her values are integrated into FMYI’s culture (resourcefulness, continuous improvement, helping others, being creative).
One of the early decisions was a name for the company. The original inspiration for “FMYI” came from all the emails flying around with “FYI” (an abbreviation of “for your information”). Wouldn’t it be easier to just post it in a centralized place instead of emailing it around? Unfortunately, “FYI” was already trademarked. So we came up with FMYI (pronounced “F-MY-I”) which is “for my innovation” because it’s about what all of us can do to spur innovation, not just share information. So now you know the story. And knowing is half the battle!
Eight years has gone by quickly. Back in 2004, we were one of the first pioneers with the idea of combining a social networking site with tools for collaboration. The vision was to make the software easy to use, offer tools to get things done, host the platform in the cloud so clients didn’t need additional IT help, provide free customer support, and embed the triple bottom line (people, planet, and profit) into our business model. To this day, we are still focused on these things.
They say it takes a village to raise a child. It definitely takes a community to grow a startup. The team here at FMYI would like to thank our clients, contractors, vendors, community partners, friends, family, and everyone who has helped us along the way. We’re looking forward to celebrating with you as we embark on our eighth year together!
Onward and upward,
-Justin
In 2010, the Focus the Nation team (pictured left, in our favorite colored hard hats) was looking for tools their small Portland, Oregon based team could use to engage hundreds of students around the country. Such tools needed to be user-friendly and foster collaboration for both the short and long term. At the start of 2011, FTN partnered with FMYI to help redefine collaboration between Focus the Nation and their stakeholders, increasing their ability to do what they love – empower the next generation of clean energy leaders. With the help of FMYI, they were able to more than double the number of student teams they are working with, including teams at University of Hawaii at Manoa, Clemson University, Miami University, and University of Oregon (Go Ducks! Yes, FMYI is an Oregon-based company).