Congratulations Paras!
Awesome to hear a story like this and impressive that you managed to build such a strong company in such a short time.
Thank HN: My bootstrapped startup got acquired today
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Re: Thank HN: My bootstrapped startup got acquired today
#302Great VWO, Kudos to the founders!
Re: Thank HN: My bootstrapped startup got acquired today
#303Must be sad to have to let things you built go, especially knowing how often selling them starts a downward spiral leading to their demise.
Re: Thank HN: My bootstrapped startup got acquired today
#304Bravo, @paraschopra What an incredible journey. I remember when you launched. I hadn't realized it was 16 years ago! I'll hit you up privately with an invite to tell your story on Startups for the Rest of Us. It's a fitting place for a bootstrapper like yourself.
I should have guessed this was your handle Rob :)
I listen to your podcast whenever I need a boost, but somehow never made the connection that you are one of "us", here.
If you'd like to get some scandi guys on your show, I am a GP at www.likeminded.vc, and connected into the community around Copenhagen and the nordics.
Re: Thank HN: My bootstrapped startup got acquired today
#305Congratulations @paraschipra
Re: Thank HN: My bootstrapped startup got acquired today
#306How tragic that the goal of startups isn't to make something useful but to get acquired (with consequent inevitable dismemberment and shuttering). Well done on the $200M, I guess.
Re: Thank HN: My bootstrapped startup got acquired today
#307Congrats Paras!
Re: Thank HN: My bootstrapped startup got acquired today
#308Awesome. For others, I see that Paras is now running https://turingsdream.co/ "an AI hackhouse running a six-week residency for coders and researchers who're interested in AI. The hackhouse is in Bangalore, India and you can join it either in-person, or in a hybrid fashion."
I attended Paras’a talk at the last graduation day for the residency. I’m amazed at how he was able to do all that, while dealing with the acquisition due diligence.
Re: Thank HN: My bootstrapped startup got acquired today
#309This might be a dumb question, for which apologies in advance, but isn't 200 million a little low for a company with $ 50 million revenue? But maybe not, -- the profit is say $20 million and the acquirers are paying 10 X annual profit?
Annual growth rate is typically a big factor in PE acquisition multiples. At a 4x multiple of ARR, I’d hazard a guess that this was on the lower side.
Re: Thank HN: My bootstrapped startup got acquired today
#310How tragic that the goal of startups isn't to make something useful but to get acquired (with consequent inevitable dismemberment and shuttering). Well done on the $200M, I guess.
Tragic? I don't follow that. If the goal isn't to make something useful in one way or another then why would a startup enterprise ever get acquired?