3 ms·

That is nominally a series A startup, but actually a bootstrapped since series A startup. Big difference.

• nostrademons 8y ago
  "Bootstrapping" usually refers to funding the company (in the seed stage) without external investment, whether through pre-selling to customers, relying on founders' savings, doing consulting, etc. I think the term you're looking for is "profitable".
  • derefr 8y ago
    Not quite, since a "profitable" investor-backed company is still usually pushed by those investors to seek further investment, whether the company needs it to continue growing or not. (It just needs it to grow to the level that an investor would care about.) The concept here is closer to "firing your investors" or "buying back your equity", but they haven't necessarily done that yet.
    • nostrademons 8y ago
      If you've got board control after the Series A and are profitable, they have zero leverage over your future decisions.