I'm a big fan of customer-focused startups who are more interested in growing their business with paying customer rather than chasing down investors to raise a bunch of capital around an idea.
I created a virtual pre-accelerator called Square One Startup School (squareoneschool.com) to help startup founders accelerate their path to profitability by surrounding them with a community of fellow founders learning from some of the most prominent startup experts from around the world.
One of those startup experts I'll be bringing in to speak with our Square One community is the one and only Ben Chestnut, Co-Founder of Mailchimp, who bootstrapped Mailchimp to a multi-billon dollar acquisition last year.
Like most of us here, Ben Chestnut and Dan Kurzius (co-founder) launched their startup, Mailchimp, as a side project. Mailchimp remained a side project for several years until 2007, when it hit 10,000 users and the two founders decided to commit full-time.
Ben and Dan took a different approach to growing a startup. Rather than raising millions from venture capitalists in Silicon Valley, they decided to grow and scale Mailchimp using the profits generated from the business.
Fast forward 20 years from the day Mailchimp launched, Intuit acquired Mailchimp for $12 Billion. Ben and Dan each owed 50% of the company. 😉
I have a fireside chat conversation with Ben and would love it if you could provide me with some questions to ask him! (Feel free to drop them in the comments)
Also, you're invited! If you want to hear this conversation live register for free here: https://www.eventbrite.com/e/418233516707
Thanks in advance!
He's a great guy isn't he. I listened to his episode of "How I Built This" and he came across as a very nice guy.
Here's my question:
"What do you think is the main difference between boot strapped founders and venture capital backed founders?"
Nice! I'll add it to the list. Thanks!