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> stability, no-bullshit, and good customer service I'm interning at a recently (12 months ago) acquired standout in the e-commerce provider field, and yesterd
by bb611 9y ago
> stability, no-bullshit, and good customer service
I'm interning at a recently (12 months ago) acquired standout in the e-commerce provider field, and yesterday I was at a talk where the CTO/co-founder attributed their now multibillion dollar business to the exact same thing.
There are plenty of dumb problems that people just want to not worry about.
I will say, the downside is they spent about 7 or 8 years before going public, and another 4-5 before being acquired (for about 4.5x their IPO price). It wasn't quick money, because you can't prove stability in a year or two, but it is a very powerful business model.