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They've already proven their business model, have tons of customers, are making a profit, and have a plan for scaling their business. This is the perfect time t
by cal5k 16y ago
They've already proven their business model, have tons of customers, are making a profit, and have a plan for scaling their business. This is the perfect time to take investment - regardless of whether they were bootstrapped to this point.
I don't think anything in the so-called "lean startup" philosophy runs counter to the idea of taking Series A financing when appropriate. Hell, even 37Signals took money from Jeff Bezos...
- steveklabnik 16y agoOh totally. Just commenting on the change, that's all. I certainly don't think 'lean' means 'never take money,' but it also does demonstrate that Shopify is a 'startup' and not a 'lifestyle business.' Maybe they always were, and I just didn't notice.