Chapter
Bootstrapping for Profitability
41:30 - 44:51 (03:21)
A company downsized to a smaller operation and focused on profitability, with an increase in revenue from $73 million to $143 million resulting in $8-9 million of net income.
Clips
After raising funds from big name VCs, a start-up faces setbacks and downsizes to a one to three person operation, shifting focus to profitability.
41:30 - 42:48 (01:18)
Start-up
Summary
After raising funds from big name VCs, a start-up faces setbacks and downsizes to a one to three person operation, shifting focus to profitability.
ChapterBootstrapping for Profitability
Episode#163 - Plugins Making Millions, Gumroad's Crazy Valuation & Why a Studying App is Going Viral
PodcastMy First Million
The company had a revenue of $9 million last year and a profit of $1 million.
42:48 - 44:19 (01:31)
Finance
Summary
The company had a revenue of $9 million last year and a profit of $1 million. They are now raising funds at a valuation of around $100 million.
ChapterBootstrapping for Profitability
Episode#163 - Plugins Making Millions, Gumroad's Crazy Valuation & Why a Studying App is Going Viral
PodcastMy First Million
The founder of Gum Road was a former Pinterest employee, Sahel, who started the company in 2011.
44:19 - 44:51 (00:32)
Gum Road
Summary
The founder of Gum Road was a former Pinterest employee, Sahel, who started the company in 2011. Despite having a promising start, the speaker shares why he would not currently invest in Gum Road.