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They never took capital and now they exited to an investor syndicate led by VCs. Wow - how times have changed. Founders (of hot companies) hold all the cards. N
by not_that_noob 11y ago
They never took capital and now they exited to an investor syndicate led by VCs. Wow - how times have changed. Founders (of hot companies) hold all the cards. No wonder valuations are sky high.
- fsk 11y agoThat's one advantage of bootstrapping. When you do decide to raise money, you can make sure you cash out some of your own shares as part of the deal. Since they were already cashflow positive, they were free to say "no deal!" to any offer.