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Good for Mailchimp, but they're an exception in the small world of unicorns.
I haven't read the details (paywall) but apparently there are a lot of very unhappy people working there. Founder said would never take VC, never sell and so refused to do any equity deals with staff, unlike expectations elsewhere.
Presumably people were well-paid but suspect many getting inadvertently taunted by friends who think they have struck it rich when they hear of the startup where they worked having such a big exit.
Interesting. Had no idea about this.
One of the key takeaways here is ..Mailchimp never took a dollar from any investors and consistently focused on providing value to their customers and making them feel good(even free users) instead of chasing investors .. as a result profits just flowed in.
If it ain't profitable with organic growth and customers do not stick with your product, it is not going to be sustainable no matter how much money you raise.
Nothing compared to MailChimp, but I bootstrapped www.edocr.com from 2007 to 2015 until https://www.accusoft.com/ came knocking on the door just before Christmas of 2014.
MailChimp is an amazing story. Well done to Ben and the team. Let's hope they won't mess up Mailchimp afterward.
Intuit acquired my competitor at the time, DocStoc and killed it within 12 months. They got traction through Digg Digg and we got through Stumble Upon. Our biggest competitor pumped porn to get traction and then killed porn once they had the traffic. I never had balls big enough to do anything like them. But one of my daily jobs was removing porn from edocr.com. Escort agencies knew how to leverage Web 2.0 those days.
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