Taneja: Purplle co-founders personally funded negative cash balances daily in 2014
Manish Taneja · How Purplle Became a Billion Dollar Marketplace for Cosmetics Ft. Founder, Manish Taneja · Sep 19, 2022 · at 15:06
Manish Taneja, co-founder and CEO of Purplle, recalls surviving severe cash shortages during the second half of 2014.
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“What happened was we had a term sheet that was withdrawn and, you know, our competitor got funded. And I think those six months are very unforgettable. Rahul and I would typically wake up every morning and see a negative cash balance in the bank account. And, you know, either one of us will put some money into the company that morning so that all our checks could get uncashed.”
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