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[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 http
by 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!