Ross Paquette, founder of Maropost, describes his bootstrapping philosophy to host Nathan Latka.
0:00 / 0:09exact quote · 9.1s
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“It wasn't like we had to go out and raise capital. I'm very much against that process. The focus has always been to just, you know, kind of grow by a customer acquisition, not acquisition.”
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More from Ross Paquette
Disclosure
Maropost is executing a secondary round at a $1.7B valuation
“So I'm not even sure if I should share this, but we're doing a secondary round at a 1.7 billion dollar valuation.”
Ross PaquetteApr 17, 2022▶ 17:20Bootstrapped Maropost Hits $60m Revenue, 52% Profits, Doing $1.7b Secondary Right Now
PredictionNot checkable as stated
Maropost's net dollar retention will exceed 150% this year
“Yeah, well this year will be well above a 150%.”
Ross PaquetteApr 17, 2022▶ 19:11Bootstrapped Maropost Hits $60m Revenue, 52% Profits, Doing $1.7b Secondary Right Now
PredictionNot checkable as stated
Maropost will likely finish 2022 just shy of $100M ARR
“Just shy of it actually. Sorry. Yeah, just shy of it most likely.”
Ross PaquetteApr 17, 2022▶ 3:02Bootstrapped Maropost Hits $60m Revenue, 52% Profits, Doing $1.7b Secondary Right Now
AssertionNot checkable as stated
Maropost's growth dropped to single digits after its 2016 secondary round
“The business had gone from triple digit growth to single digit growth.”
Ross PaquetteApr 17, 2022▶ 5:51Bootstrapped Maropost Hits $60m Revenue, 52% Profits, Doing $1.7b Secondary Right Now
Disclosure
Maropost bought Neto in an all-cash deal to protect its cap table
“No, no, it was all cash. So we, yeah, our cap table is still myself and the employees.”
Ross PaquetteApr 17, 2022▶ 10:40Bootstrapped Maropost Hits $60m Revenue, 52% Profits, Doing $1.7b Secondary Right Now
AssertionNot checkable as stated
Maropost generated approximately 52% EBITDA margins last year
“Yeah, about 52, yeah.”
Ross PaquetteApr 17, 2022▶ 14:42Bootstrapped Maropost Hits $60m Revenue, 52% Profits, Doing $1.7b Secondary Right Now
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