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That slide looked very similar 2, 3, and 4 years ago. It was not enough, many people still passed on us. Raising any amount of capital (in part due to the risk
by suhail 12y ago
That slide looked very similar 2, 3, and 4 years ago. It was not enough, many people still passed on us. Raising any amount of capital (in part due to the risk at each stage) is more complex than showing a single graph.
- mchusma 12y agoYes but executing at a high pace for 2, 3, or 4 more years dramatically changes one's opinion of the company and its opportunity to reach scale. If you've grown MRR from $10k to $100k, that still doesn't answer the "will it scale" question. If you've grown MRR from $500k to $5M, totally different story. Good work keeping up momentum!
- suhail 12y agopmarca: if you're reading this, feel free to chime in ;)
- pmarca 12y agoOn this topic, Mixpanel at this stage is the magic blend of: * Track record of consistently impressive revenue growth. * Impressive current level of revenue. * Comprehensive plan and organization in place to continue growing revenue. * Large and expanding market. * And bonus points, doing all that while simultaneously generating vs burning cash!
- pmarca 12y agoYes, exactly so.