Shopify raises $7 Million Series A

Re:Shopify raises $7 Million Series A by faramarz on Friday December 17, 2010 @02:55PM (#2017484)

What I was thinking. I'm sure 37signal guys have something to say.

But you know what, I bet they got an amazing deal because of their leverage. how can you not take the money?

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Re:Shopify raises $7 Million Series A by steveklabnik on Friday December 17, 2010 @02:56PM (#2017500)

Actually, re-reading my link, apparently they had angel money before, so they already weren't technically bootstrapped.

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Re:Shopify raises $7 Million Series A by faramarz on Friday December 17, 2010 @03:34PM (#2017661)

I found an interesting bit of info by Tobias on Quora

  "...it took about 3 years to reach positive cashflow 
  and we financed this by not taking salaries as founders,
  angel investors and grants (canadian government) all 
  at once."

http://www.quora.com/How-long-does-it-take-for-a-web-startup...

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