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It is very unusual for 'tech' companies founded since 2008, but Mailchimp was a web design company founded in 2001 that stumbled upon a capital-efficient busine
by RC_ITR 5y ago
It is very unusual for 'tech' companies founded since 2008, but Mailchimp was a web design company founded in 2001 that stumbled upon a capital-efficient business model before they needed to raise capital.
The 'unusual' part is more that a company this old and profitable has a traditional 'exit' vs. being run as a cashflow generator for the duration of the founders' lives.
- Breza 5y agoThis is an important distinction. Companies that never take VC money and generate profits can run indefinitely without having an exit event. If I had a steady profit stream from a company, I wouldn't necessarily want to sell.