Raphael Mason, co-founder of Missive, explains why Missive's equity split is not equal among the three co-founders.
0:00 / 0:44exact quote · 44.0s
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“Phil had started building my co-founder CEO at Missive. He started building conference badge All by himself back in 2013, and we joined him, and since he started the product, he had more equity, and it's while running and building Conference Badge that we found the need to communicate, to deal more efficiently with customer support, and we started building Missive, so Conference Badge is the is what allowed Missive to be built, to pay the bills, and So it's two companies, but since one funded the other, the equity remained the same.”
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More from Raphael Mason
Disclosure
Missive Reached $2M ARR with Only Three Founding Engineers Doing Support
“We actually hired our first employee, like not even a month ago. So everything I'm telling you today is we build it at, we were a tree and then just the three founders. We are all engineers. We are definitely not salespeople. We are engineers and we all do cus…”
Raphael MasonJul 30, 2022▶ 12:45I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Insight
Mason: Missive's comparison pages explicitly state product shortcomings to deter poor-fit users
“It's a honest take. When there are some shortcomings in Missive compared to the other product, we do state it clearly, and we don't want to bring users in who won't like Missive and would actually rather use Spark or, like, a more personal-oriented email app.”
Raphael MasonJul 30, 2022▶ 15:24I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Disclosure
Mason: Missive has not received an acquisition offer above $30 million
“No, not higher than that.”
Raphael MasonJul 30, 2022▶ 16:36I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
Disclosure
Mason: Missive remains entirely bootstrapped
“We are still.
Yes.”
Raphael MasonJul 30, 2022▶ 2:06I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
AssertionNot checkable as stated
Missive reaches close to 2,000 paid customers
“Because we are at close to 2000 paid customers right now.”
Raphael MasonJul 30, 2022▶ 6:40I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
AssertionNot checkable as stated
Mason: Average Missive business customer pays $100 monthly
“A hundred bucks.”
Raphael MasonJul 30, 2022▶ 9:13I love these guys. 3 co-Founders bootstrap to $2m in ARR. Beautiful business.
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