According to this article by DHH they were profitable before taking money: https://m.signalvnoise.com/the-day-i-became-a-millionaire/ https://m.signalvnoise.com

According to this article by DHH they were profitable before taking money: https://m.signalvnoise.com/the-day-i-became-a-millionaire/ https://m.signalvnoise.com/the-day-i-became-a-millionaire/ > Then in 2006, it suddenly happened from one day to the next. Jeff Bezos had taken an interest in Basecamp, and Jason and I each sold him a minority, no-control stake of our share of the company for a few million dollars each (Basecamp had been self-funded and profitable from the start, so didn’t need any capital for the venture).