Bootstrapping at Lightricks
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Publication Date:
October 18, 2016
Industry:
Manufacturing
Industry:
Technology
Source:
Harvard Business School
By August 2015, two-year-old mobile imaging software startup Lightricks had developed and released two best-selling paid mobile apps, grown to a team of 30, earned a revenue run rate of nearly $10 million, and achieved modest profitability. The bootstrapped company had explored raising funds, met with venture capital firms, and was presented with a term sheet. The co-founders believed the financing would allow them to scale up quicker, but they also worried about losing control of their company.
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Bootstrapping at Lightricks
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