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That's a complicated question, because the nature of series A rounds has changed in the last couple years. A lot of so-called series A rounds now are de facto
by pg 13y ago
That's a complicated question, because the nature of series A rounds has changed in the last couple years. A lot of so-called series A rounds now are de facto series B rounds, huge "seed" rounds having taken the place of series As (at least financially).
A bunch of the companies we've funded are profitable and haven't raised a series A round yet, but it looks like there is only one that is way past the (now much later) series A stage and yet didn't raise a series A: Weebly.
- 2pasc 13y agoDidn't Weebly raise a Series A with Sequoia? They list them as a portfolio Company at least! http://www.sequoiacap.com/us/home/weebly/info http://www.sequoiacap.com/us/home/weebly/info
- drusenko 13y agowe skipped what would traditionally be called a series A and series B and went straight to a growth-staged round with Sequoia
- 2pasc 13y agoInteresting. Looking at some of the Weebly figures on the Sequoia website, I thing many people (myself included) would be surprised of the revenue run rate you guys must have today. This is an amazing venture - congratulations to you guys! Well executed "simple ideas" are the best!
- earbitscom 13y agoI learned of Weebly when someone complained on HN about your email communications. I immediately signed up and (with very few technical bones in my body) built a totally bad ass website for a friend of mine in 2 hours. There's a very good reason for your success. Incredible product.