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Part 3: I was committed and now our investors had an excuse to walk away. It was an unideal position to work from as we closed the deal. I almost never hold a
by aaronrubin 5y ago
Part 3:
I was committed and now our investors had an excuse to walk away. It was an unideal position to work from as we closed the deal. I almost never hold a grudge, but man...
Enough dark stuff... I took none of the $50 million, so don't ask me for a loan.
A Riverwood Principal and a Co-Founding Partner came to where I live during the pandemic to meet. They were our first serious conversation & have lived up to their reputation as great investors.
The decision to go from being bootstrapped & profitable to taking a large investment was one I debated for a long time and got a lot of advice on. I think I made the right decision, but ask me in 5 years.
Bootstrapped -> funded comes with change & plenty of opportunities for mistakes. And boy have I've made mistakes, but I have a great team that carries me.
If you are a ShipHero customer, know that you're going to get a better product each day than you had the day before.