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Yev here -> we HAVE to be cash-flow positive since we're not VC-funded. When we started the company it was bootstrapped, so "making enough money to survive" has
by atYevP 7y ago
Yev here -> we HAVE to be cash-flow positive since we're not VC-funded. When we started the company it was bootstrapped, so "making enough money to survive" has always been a part of the equation!
- scarface74 7y agoThat's good to hear... But that means you are an unhip "lifestyle business" and obviously if you're profitable, you must be doing something wrong. How do you ever expect to have an enormous exit and make your investors rich?
- atYevP 7y agoYev here -> Ah, that's a very good question. Staying in business > being hip in most cases ;-) The nice thing about being bootstrapped is that we don't have that many investors, and they're chill with just seeing how this goes. We actually do have on "traditional VC" that invested, but they are very relaxed about the whole thing and don't have a board seat, just an observer role - so they're like, if you eventually are profitable enough, just pay us back at some multiplayer and we're good - otherwise we'll wait for an exit. Nice folks! :D
- scarface74 7y agoI was really being facetious toward the startup culture and praising BackBlaze. I didn’t expect a serious response... But your response was quite informative. Backblaze is one of the few smaller tech companies I admire from a business side along with Fog Creek, JetBrains and Base Camp.
- caseysoftware 7y agoFogCreek sold a while back and is run by an outsourcing firm: https://www.fogbugz.com/About-Us https://www.fogbugz.com/About-Us and background: https://www.think3.com/about https://www.think3.com/about (I only noticed it a few weeks ago when I was surprised to see their address was Austin, TX)