n behalf of BigCommerce, I am delighted to share an exciting milestone. Today, Big Commerce joins the Nasdaq family to become a public company!
I am so appreciative of our team, our partners, and in particular, every one of our customers around the world.
As some of our customers remember, co-founders Mitchell Harper and Eddie Machaalani launched BigCommerce in 2009 with the goal to make it easier for small businesses to sell online. Ecommerce accounted for less than 6% of total U.S. retail sales at the time, but Eddie and Mitch saw the great potential for small businesses to succeed if they had an easy-to-use, affordable ecommerce platform.
Over the years, our platform, our customers, and our ecosystem have grown together. Some of our most innovative product updates were driven largely by what customers told us you needed in order to compete. From the introduction of enterprise features to our WordPress integration to Page Builder, our platform and our team are better because of the imagination and input from our customers.
As a result of the global pandemic, 2020 will bring the fastest growth in online sales to date. More than ever during these challenging times, we remain committed to serving you and living up to our company value of “Customers First”. Thank you for placing your trust in us. We are honored to serve you.
This is a huge moment for our company, but more importantly, we are excited for the journey we still have ahead of us.
With the proceeds from our IPO, we look forward to further investing in the research and development of our platform. We will continue to innovate our product and service with the goal of powering your ecommerce prosperity.
Going public does not change our mission of giving customers of all sizes the tools you need to build, innovate and grow successful ecommerce businesses. The BigCommerce platform meets you where you are as a business, whether you’re new to selling online or a Forbes Global 2000 enterprise. We will continue to update the platform in ways that bring the most benefit to the most merchants. Our IPO is just one step in the journey on this mission.
As a public company, we’ll be able to provide all our stakeholders more transparency than ever into our size, momentum and industry leadership. We hope this gives you confidence that you’ve partnered with an industry-leading platform that’s poised to innovate for many years to come.
I’ll end by emphasizing my gratitude to the many people in the BigCommerce ecosystem. To our customers, thank you again for inspiring and enabling our growth. Everything we do is for you. I’d love to see you at our next Town Hall on August 27.
To our technology and agency partners, we are inspired to grow in true partnership with you. To our employees, every single one of you has played a role in making this historic moment possible. You are the heartbeat of our company, and I thank you for your energy, dedication and passion. To our board members and investors, thank you for your financial backing, counsel, and guidance.