Figuring Outย โขย 9m
How a Bootstrapped Startup Grew to a $12 Billion Exit This is Mailchimp, a 2001 startup by Ben, Mark, and Dan, which was started as a side hustle to support small businesses with email marketing. It was a basic paid tool that let you send emails to potential customers automatically. Tho, the game changed when Mailchimp introduced the freemium model in 2009. This bold move boosted its user base from 85,000 to 450,000 within a year! As they grew, they constantly kept innovating as they expanded their offerings to include landing pages, website building, customer lead tracking, and ad retargeting. Along the way, they made strategic acquisitions, like LemonStand and Courier Media, to strengthen their ecosystem and broaden their appeal. By 2014, the platform was sending over 10 billion emails monthly on behalf of its users. This crazy growth caught the attention of giants. But the founders still kept rejecting venture capital and acquisition offers and remained bootstrapped for whole 20 year! But in 2021, Intuit anyways acquired Mailchimp for an $12 billion in cash and stock, making it one of the most successful exits for a self-funded company. At the time of purchase, Mailchimp's revenue stood at $800 million with an impressive $300 million profit. Their journey is a perfect example of how dedication, innovation, and great product can lead to extraordinary successโwithout the need for funding. So, is VC money overrated?
#freelancerย โขย 11m
Visa? $32.6 billionโwithout owning a single bank. Crazy, right? ๐ง Spotify? $14.3 billionโand they donโt own any of the music! Lyft? $4.4 billionโand guess what? They donโt own any cars. Airbnb? $9 billionโwith zero property of their own. ๐ฝ Doo
See MoreHey I am on Medialย โขย 1y
Keep customers connected with informative product follow-up emails. To make theirย customers feel appreciated,ย Lekker Homeย createsย product follow-up emailsย that tell shoppers everything they need to know about what they bought, from care instructions
See MoreStartups | AI | info...ย โขย 4m
What happens on the internet in a single day: Emails sent: 333 billion Texts sent: 24 billion Google searches: 8.5 billion Facebook posts: 2.5 billion Tinder swipes: 1.6 billion Hours streamed: 1.4 billion X posts: 500 million Zoom meeting hou
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How Chime Became Americaโs Biggest Neobank! So Back in 2012, Chris Britt and Ryan King realized that people were living paycheck to paycheck while banks were making billions from overdraft fees, monthly charges, and intrests. Thus, they decided to
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Ola Cabs In 2011, when Ola (then Olamoney) was just getting started, the founders traveled to over 20 cities to onboard cab drivers onto their app themselves. With no funding, they stayed at dharamshalas and low-cost lodges to make their bootstrappe
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