Are private companies that don’t raise venture capital still viable?

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JASON LEMKIN

Of course.

  • Mailchimp.
  • Qualtrics. (see my video interview with CEO below)
  • Atlassian.

All got to $100m+ in revenues without any primary venture capital. There are more.

It is “harder”. In my non-scientific study, bootstrapping adds 4+ years to the average time it takes for a SaaS company to get to $100m in ARR. It can be much slower in the beginning.

But I’m not sure it matters all that much once you pass $20m in ARR or so.

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Published on January 5, 2017
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