35 ms·
To me Buffer has always occupied a very unique space between a SMB in the style of 37signals / Basecamp and a high-growth venture-backed startup. Today I was s
by tedmiston 10y ago
To me Buffer has always occupied a very unique space between a SMB in the style of 37signals / Basecamp and a high-growth venture-backed startup.
Today I was surprised to look at Crunchbase and see Buffer's total raised is just $3.9M between a Seed and Series A. Very few startups could make that money last 5+ years, but very few startups also occupy this unique space of being profitable so early.
I imagine choosing between the two paths was difficult and it's great to see clarity around the decision and future direction.
- erdojo 10y agoMaybe Crunchbase is not up to date? The CEO's post says they have 71 investors, and Crunchbase lists 29. But you're absolutely right. If they've only raised $3.9, it's an impressive run.
- tedmiston 10y agoI agree that it's quite impressive. It's definitely possible that Crunchbase is out of date but companies are also generally pretty incomplete in listing investors past the leads for each round. People don't list so and so's dad that put $50k in, etc. I'm thinking the dollar amount is right since the lead for the A matches what Joel wrote.