In the current bonkers funding environment, a quick reminder: Funding buys you time. It doesn't buy you the ability to execute.
Two cases in point (from the “our customers are our investors" school of thinking):
#1: Mailchimp, co-founded by Ben Chestnut and Dan Kurzius 21 years ago.
The email marketing platform received no outside investment and was acquired for $12B this week. $800M in revenue.
The idea of building 1 co for 21 years is odd in today’s climate. But dang, SaaS compounds.
#2: PrettyLitter, founded by Daniel Rotman.
The D2C cat litter brand raised $1M from investors since founding and exited for up to $1B last week.
Now, these are some entrepreneurs.