11 years to 1mm

Met a startup recently that was founded in 2000. It is at 1mm in
revenue this year finally. It only has a couple million invested,
which means the founders went long stretches of years getting paid
zero salary.

This guy must surely be nuts, I thought.

Then again:

Now finally they are about to double revenue year over year and they
are generating cash. The competitors that once existed have all
vanished with the fad for that technology. The company does some
really handy useful stuff that most sites need to implement. The
company could be worth 30mm in a couple of years and the founders own
nearly all of it.

12 years later but $10mm for the founder is still $10mm.

It is a tale for the “neve give up” school of founders.

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