4 ms·

I am happy with our progress. I wouldn't call it a success. When we hit revenues that would justify a $20M exit, it will be a success in my book.

• avichal 16y ago
  Why don't you go raise a little bit of money and get to that in a lot shorter time? Taking a $500k round and giving up 10% of your company to get to your goal 4 years more quickly is a worthwhile trade-off. If you have $500k in revenue and you have very large competitors then that means there is probably 50x more revenue sitting out there that you could acquire if you had a bigger team and more resources. If that's really your goal then why are you taking a harder and longer path to that end goal?
  • cabinguy 16y ago
    There are a ton of reasons we have not tried to raise funding. It sounds like it would be easy, we have proof of concept (after 8 years), but raising capital is very intensive. We feel like we do not have time to take our eyes off the ball. Also, if we are correct and we can build this out to a $20M exit - an investor would most likely need to take more than 10% for their $500k - and - $20M exits are not very interesting to most investors. We are growing at a decent pace organically and now through M&A. We believe there are a lot of other M&A deals out there for us and our time is better spent putting those deals together. If someone knocks on the door we will talk...but we don't have time to knock on their doors.
    • seto28 16y ago
      Why 20M and not 200M? Or 2B? The question is, can it scale? If so, why not show the VCs how it's a potential 1B+ company rather than 20M?