Are private companies that don’t raise venture capital still viable?
- Qualtrics. (see my video interview with CEO below)
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.