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Some friends created a startup a few years ago. It is now profitable and never took VC. The two founders pull down $1,000,000 a year and they give staff $50,00
by freddie_mercury 8y ago
Some friends created a startup a few years ago. It is now profitable and never took VC.
The two founders pull down $1,000,000 a year and they give staff $50,000+ annual bonuses from profit sharing.
They also work four day weeks and spent every night and weekend with their kids.
What's the upside of trying to make it into a unicorn?
- mv4 8y agowhat type of business/service, if you don't mind sharing? I've always found "no VC" stories incredibly inspiring.
- pm90 8y ago"no VC" is the majority of businesses in the US (and possibly the world)
- freddie_mercury 8y agoThey worked in a field for 10+ years, understood the underserved needs of customers in that field, and built a product that addressed those underserved needs for customers.