Klaviyo Took 36 Months to Reach $1M in ARR
Andrew Bialecki · Andrew Bialecki: Is Klaviyo the Most Under-Priced Public Company? | E1170 · 20VC with Harry Stebbings · Jun 26, 2024 · at 20:48
Andrew Bialecki is the co-founder and CEO of Klaviyo. He shares the company's early ARR milestones during its initial bootstrapped phase.
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“For us, we started on January first of 20 12. In year one, we got to a couple thousand dollars in MRR. So say maybe 20,000 dollars in ARR. In year two, we got to a quarter of a million dollars in ARR, which was a huge jump, but we were still, you know, I think that was around the time where we felt like, okay, we could maybe hire, you know one or two people. And then it was until the end of year three that we got to a million dollars.”
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