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I would love to hear DHH's thoughts on this because: a) He recommended Braintree from Day 1 as an interesting payments company. b) He liked that they were Boo
by marcamillion 13y ago
I would love to hear DHH's thoughts on this because:
a) He recommended Braintree from Day 1 as an interesting payments company.
b) He liked that they were Bootstrapped.
c) They took a lot of funding and that seems to have gone sour.
d) They are being acquired - in what looks like a desperation sale.
e) They are being acquired by Paypal - which I am sure I have heard him hate on.
If he will talk publicly about this...that would be quite interesting.
I imagine now, he may consider moving all his payments to Stripe.
- rexreed 13y agoInteresting - can you provide sources for b, c, d? In particular, isn't b) and c) contradictory? Just want to read more on this - not trying to be adversarial.
- jd 13y agoAlthough I don't know the specifics for Braintree, it's not contradictory to accept VC money for bootstrapped companies. If a startup goes from 0 to 10M revenue without taking any outside investment then that puts them squarely in the bootstrapped camp. However, if they then realize they're in a winner-takes-all market and that they need a lot of money in order to scale up, then they can still accept VC money at that later stage.
- chinmoy 13y agoBrainTree has been bootstrapped since it's beginning until October, 2012 when they raised $35 million. And the guys at 37 Signals sure love BrainTree since, that is what they use to process payments for 37 Signals. Also, BrainTree was featured in their famous 'Bootstrapped, Profitable and Proud' series http://37signals.com/svn/posts/2800-bootstrapped-profitable-proud-braintree http://37signals.com/svn/posts/2800-bootstrapped-profitable-...
- marcamillion 13y agoThanks for providing that link...that's what I was remembering, but couldn't find it.