All articles tagged with #bootstrapping
TechCrunch provides a list of articles for startup founders in the AI space, highlighting the need for startups to add value beyond integrating AI technology, the risks of relying solely on OpenAI's tech, the possibility of bootstrapping an AI startup without external capital, and the potential for the OpenAI crisis to spur the formation of the next generation of AI startups.
Klaviyo, a marketing software company based in Boston, saw its stock rise 23% in its stock market debut, pushing its valuation above $9.5 billion. The company, which sells software that allows merchants to send targeted marketing emails and text messages, generated $473 million in revenue last year and has 130,000 customers. Klaviyo's founders, Andrew Bialecki and Ed Hallen, both became billionaires as a result of the IPO, with Bialecki's net worth reaching $4.3 billion. The company's success is attributed to its decision to bootstrap for its first three years and its focus on efficiency and profitability.