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We love Segment, but what I'd like to know is how you guys managed to get a year's worth of funding for four people to mess around on obviously difficult to mon
by politician 11y ago
We love Segment, but what I'd like to know is how you guys managed to get a year's worth of funding for four people to mess around on obviously difficult to monetize ideas. What sorts of initial funding did you have? How does that work?
- deleted 11y ago[deleted]
- pkrein 11y agoWe raised $600k coming out of YC S11 demo day for the classroom lecture tool. We kept costs low, and paid ourselves just enough to live on for ~2 years (plus servers, shared apartment doubled as office, etc.) We burned down to about $80k in cash (~3-4 months runway, not recommended) about 6 months after the launch of analytics.js, and then raised $2m (June 2013).
- politician 11y agoThat sounds like a pretty difficult time; I'm glad you guys made it through.