We Spent $3.3M Buying Out Investors: Why and How We Did It
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We Spent $3.3M Buying Out Investors: Why and How We Did It
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Re: We Spent $3.3M Buying Out Investors: Why and How We Did It
#2I’m confused.
The article says Buffer is doing $4.6M in annual revenue.
But Buffers own dashboard says they are doing ~$15m
Re: We Spent $3.3M Buying Out Investors: Why and How We Did It
#3I applaud Buffer for sharing these challenges and financial details, as they have done openly in the past (such as with salaries etc).
Re: We Spent $3.3M Buying Out Investors: Why and How We Did It
#4I’m confused. The article says Buffer is doing $4.6M in annual revenue. But Buffers own dashboard says they are doing ~$15m https://buffer.baremetrics.com
$4.6M annual revenue was when they raised the Series A in 2014. The baremetrics dashboard is current.
Re: We Spent $3.3M Buying Out Investors: Why and How We Did It
#5I’m confused. The article says Buffer is doing $4.6M in annual revenue. But Buffers own dashboard says they are doing ~$15m https://buffer.baremetrics.com
"At the time of the Series A, we felt on top of the world. We had around $4.6 million in ARR (annual recurring revenue) and were growing revenues around 150 percent per year."
Re: We Spent $3.3M Buying Out Investors: Why and How We Did It
#6I’m confused. The article says Buffer is doing $4.6M in annual revenue. But Buffers own dashboard says they are doing ~$15m https://buffer.baremetrics.com
I understood the $4.6 million figure to be for 2014, when they raised the Series A.
Re: We Spent $3.3M Buying Out Investors: Why and How We Did It
#7I’m confused. The article says Buffer is doing $4.6M in annual revenue. But Buffers own dashboard says they are doing ~$15m https://buffer.baremetrics.com
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Re: We Spent $3.3M Buying Out Investors: Why and How We Did It
#8This is the oft-cited dream of founders that think they’ll just pay back the VC’s if the relationship isn’t working out. The reality is that no investor in their right mind would take that deal if they had any confidence in a more successful outcome down the line.
Re: We Spent $3.3M Buying Out Investors: Why and How We Did It
#9Seems like Joel is quite stubborn regarding his values and vision for Buffer, which i believe is a good thing but i can see how it can lead to differences with co-founders and investors once the vision does not align anymore. Felt like it was all over for him when they asked him to eventually step down and from that point he planned to remove them.
In the end it also means that their investors most likely lost their confidence in buffer, otherwise no investor would get out in a deal like that.
Re: We Spent $3.3M Buying Out Investors: Why and How We Did It
#10Article explains somewhat about the hows but not really the why, other than alluding to “differences in vision.” Maintaining transparency about these things is a bit tricky!