3 ms·
So on paper they are billionaires, but in fact they only have a bit over 1M - just enough to pay bills for 6 months.
by frongpik 6y ago
So on paper they are billionaires, but in fact they only have a bit over 1M - just enough to pay bills for 6 months.
- nacs 6y agoFrom the article: > Zapier reached $100 million in annualized recurring revenue They have access to a lot more than a million.
- brenryd 6y agoThey have only raised $1.3m, which they most likely spent a long time ago. They have been profitable (self-sustaining) for years. Sure their stock is not liquid, but there is a strong case that they could move towards liquidation (IPO) at a $5 billion or higher valuation.