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What I was thinking. I'm sure 37signal guys have something to say. But you know what, I bet they got an amazing deal because of their leverage. how can you not
by faramarz 16y ago
What I was thinking. I'm sure 37signal guys have something to say.
But you know what, I bet they got an amazing deal because of their leverage. how can you not take the money?
- steveklabnik 16y agoActually, re-reading my link, apparently they had angel money before, so they already weren't technically bootstrapped.
- faramarz 16y agoI found an interesting bit of info by Tobias on Quora "...it took about 3 years to reach positive cashflow and we financed this by not taking salaries as founders, angel investors and grants (canadian government) all at once." http://www.quora.com/How-long-does-it-take-for-a-web-startup-to-become-profitable http://www.quora.com/How-long-does-it-take-for-a-web-startup...