3 ms·
From one of the linked articles: > I’ve been a fan and customer of Freshbooks for years. They were self-funded for a very long time until recently raising a la
by 3pt14159 10y ago
From one of the linked articles:
> I’ve been a fan and customer of Freshbooks for years. They were self-funded for a very long time until recently raising a large round of funding when they had over 200 employees. I’m pretty sure Mike’s dealt with similar problems. Unfortunately I just missed a great opportunity to ask him about it.
Freshbooks was not self funded until they had over 200 employees. One of the founders' parents put in money and a very prominent CEO of a major tech company put in money and a very large financial company put in money and then they hit 200 employees.
2nd Site Inc., the previous name, was self-funded / bootstrapped(ish). But they weren't Freshbooks for very long without no longer qualifying by any stretch of the imagination as "bootstrapped" or "self-funded".
- nathanbarry 10y agoAh, I didn't know that! For some reason I always thought of them as self-funded until that funding round.
- 3pt14159 10y agoIt isn't really your fault. The media generally took Mike's comments from years back out of context and continued running them while they were no longer true.