3 ms·
It's refreshing to see a company like Weebly that is able to be successful and profitable without having to go down the "MULTI-BILLION DOLLAR UNICORN OR BUST" p
by pshin45 12y ago
It's refreshing to see a company like Weebly that is able to be successful and profitable without having to go down the "MULTI-BILLION DOLLAR UNICORN OR BUST" path that seems to be almost mandated by VCs nowadays.
It's something the guys at 37Signals preach as well - Better to be a "lifestyle business" that's profitable, makes millions of dollars in profit per year, and may take a decade or two to reach a $1 billion valuation, than to have a multi-billion dollar valuation a few years in (via large growth funding rounds) but not make a cent of profit for the first decade of your existence, all the while having your ownership of the business reduced down to 5% or whatever.