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On the about page you mentioned that you raised instead of continuing on the bootstrapped path. What made you pull the trigger? My first impression when I chec
by ricklamers 5y ago
On the about page you mentioned that you raised instead of continuing on the bootstrapped path. What made you pull the trigger?
My first impression when I checked out the landing page and product was: this is a perfect bootstrapped SaaS product idea to grow to meaningful ARR with a small team of 2-3 + some hired help for things like customer support.
- jenthoven 5y ago[This is Julia, the cofounder/CEO] We bootstrapped for 8 months and grew to about 100k of MRR before raising money. I wrote a blog post about this decision https://www.kapwing.com/blog/why-we-decided-to-raise-money-for-our-startup/ https://www.kapwing.com/blog/why-we-decided-to-raise-money-f.... tl;dr is that 1) It's a competitive domain, so we felt we needed to grow our team quickly to stay relevant 2) There's a lot of technical challenges with video editing in the browser + cloud, so we needed to be able to hire talented engineers to scale and 3) I believe there's a huge business in empowering creative teams, so we think we can get to venture scale and needed the capital to support that.
- ricklamers 5y agoAwesome! Thanks for sharing. I personally believe big ambitions lead to a more interesting journey, as well as having the ability to have more impact at scale. Impressive MRR!