Lessons on scaling to $230M+ ARR, acquiring 3M+ users, and reaching a $5B valuation with just $1.3 million in funding.
This is a really great read! Thank you for writing and sharing. I've learned a lot about their growth strategy.
Here's my learning: https://share.glasp.co/kei/?p=91ec9b73662aa5ca8fd8
Thorough piece! I suggest anybody who has not tried Zapier yet, to do so. The product is fantastic. I have been a user for 6-7 years. You will find a way to work Zapier into your daily work.
Great insights as usual! This piece also made me think about AirBnb's move of shedding PMs to focus solely on PMMs...
Excellent article Jaryd! Thank you for sharing.
How is that bootstrapping with $1.3M of investment?
Interesting read btw, just would not agree on that they bootstrapped at all.
For me the bootstrapping is, when you build and grow something with very minimal capital, mostly coming from your own pocket (but not strictly necessary). And $1.3M is def not minimal capital, in my honest opinion.
I couldn’t help but wonder if you found anything in your research regarding their North Star? Thinking from the typical VC company, the North Star is either to go IPO to get more returns for investors or to keep growing to get more returns for investors.
What would you argue the motivator is for a company like zapier? Would they even consider going IPO and cope with the accompanied pressure on growth?