Dave DuPont

Because you really have to have a great idea

when the economy is down to get funding, to get rolling.

You have to have an excellent idea when people don't want to spend money and don't want to invest money.

So there's been other people who have made these comments, but I would argue that the trough of a recession is the best time to get a company rolling.

Yeah.

I mean, you've got to provide a great solution that people will pay for and invest in, number one.

And relatively speaking, you have hungrier people in terms of talent available.

And you also have access to more resources.

Let me think about that for a second.

It was minuscule.

I'm going to say less than $100,000.

Okay.

We have grown...

between 70 and a hundred percent every year.

I think it took us till year three to get to 300 K. I mean a million.

Both.

So if I point to today, yes, we're venture funded.

If I point to the early days, I like to say we were quasi-bootstrapped.

We didn't take institutional capital until 2014.

Yeah, I had a personal exit, and I did have some investments, small investments from business school classmates, for instance, and local area angels, things like that.