They’ve raised some financing but Wade and his team haven’t bought into that financing = success hype. There is a great article in The First Round Review about Zapier’s one-and-done approach to fundraising in The Blurb. Check it out.
I liked this part.
It’s worth remembering that money just buys you time — not an ability to execute.
We’ve had numerous competitors emerge who’ve had more funding than us and while it’s annoying to have the noise in the marketplace, the reality is that they all eventually die cuz they can’t or won’t grind.
So go read the article about Zapier. It’s a good perspective which you don’t see talked about frequently enough.
Another reason the article is so good is this sentence.
Leading with exits
For the first time in two years, US tech startups are seeing aggregate exit valuations outpace funding to tech startups. At the current run-rate, 2017 will see exits increase for the second straight year, while deals are on track to decline for the third year.
Dang, k-cups are big
26% of the $11.8B US coffee market is for k-cups. Whoa.