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Niaje Majani? I'm very big on bootstrapping so I'd say kudos to Soti's founder. Your typical tech company in the news today is far from profitability and has ei
by slice_of_life 9y ago
Niaje Majani? I'm very big on bootstrapping so I'd say kudos to Soti's founder. Your typical tech company in the news today is far from profitability and has either taken on a lot of VC funding or has an inordinate amount of debt to fuel growth. While this company financing model works sometimes, I find that it can abstract the reality of a business to make money i.e. it can be hard to know if there's a there there as far as monetization is concerned.
I prefer ventures that start generating revenue as soon as there are signs of traction (curious if this applies to ghafla in the early days). To this effect, I'm reminded of a story I read a while back on how tableau took on no external financing until they hit $100 million in revenue.
https://www.forbes.com/sites/ericaswallow/2012/12/27/bootstrapping-startup-venture-capital/#b9bb00378e21 https://www.forbes.com/sites/ericaswallow/2012/12/27/bootstr...
Here are a couple of others that followed the same route:
https://www.quora.com/What-great-companies-did-not-raise-venture-capital https://www.quora.com/What-great-companies-did-not-raise-ven...