A lot of people are always so floored when they hear about a bootstrapped / near bootstrapped company achieving high levels of revenue. How is that possible?
A (very) quick Monday thread >>
A (very) quick Monday thread >>
1) It's actually WAY MORE COMMON than you think. This shocks other investors when I tell them about these types of companies.
You just don't know / hear about most of these high flying capital efficient businesses. And they're not usually household names.
You just don't know / hear about most of these high flying capital efficient businesses. And they're not usually household names.
2) Here's a co I met in Sweden yrs ago and we invested back then w/ my old firm.
The startup is called @Mentimeter - they make interactive software for events and presentations.
They just published their most recent updates today.
The startup is called @Mentimeter - they make interactive software for events and presentations.
They just published their most recent updates today.
3) And their #s are so impressive!
-$21m ARR
-176% net retention of enterprise customers
-45k customers
They raised only ~$500k USD in external funding. Watch this company...with that net retention, they are going places.
-$21m ARR
-176% net retention of enterprise customers
-45k customers
They raised only ~$500k USD in external funding. Watch this company...with that net retention, they are going places.
4) Here's the full post by the CEO Johnny @warstrom:
linkedin.com/feed/update/ur…
I'm so impressed and they are just getting started...
linkedin.com/feed/update/ur…
I'm so impressed and they are just getting started...
5) In conclusion - I'm so glad (and thank you!) Johnny decided to post their results, because I think the world needs to see that it's definitely possible (and actually not that unusual) to get to high levels w/ out much VC $$.
Most ppl just don't know.
Most ppl just don't know.
• • •
Missing some Tweet in this thread? You can try to
force a refresh
