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AprameyaAIย โขย 11m
Mailchimp's Bootstrapped Success Story How does a side project become a multi-billion dollar company without a single penny of outside investment? I'm about to share the inspiring journey of Mailchimp, a testament to the power of patient growth. โ Key milestones in Mailchimp's remarkable ascent: 1. Started as a side project while running a web design agency 2. Bootstrapped for 17 years before first acquisition offer 3. Turned down multiple buyout offers to maintain independence 4. Grew to $700 million in revenue without VC funding 5. Acquired by Intuit for $12 billion in 2021 ๐ The timeline that defied Silicon Valley norms: 2001: Ben Chestnut and Dan Kurzius start Mailchimp as a side project 2007: Mailchimp becomes their full-time focus 2009: Launches "Forever Free" plan, user base explodes 2016: Hits $400 million in revenue 2019: Reaches 11 million active customers 2021: Acquired by Intuit for $12 billion ๐ฎ The lesson? Sustainable growth and profitability can lead to massive success, even without VC backing. Are you ready to challenge the notion that rapid, VC-funded growth is the only path to startup success? โป๏ธ Share this post if you believe in the power of bootstrapping and organic growth! P.S. Want more stories of unconventional startup success? Follow me for regular insights into diverse entrepreneurial journeys on medial
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