Martin Kleppmann

And so we were able to pretty quickly actually build up a network.

And that's something that I really appreciated, that it was actually so open to outsiders like us who could just basically turn up with an idea and an early stage startup.

And we managed to raise some money and managed to actually become somewhat established in the Bay Area.

It was about in 2012 that we sold it.

And we were five people at the time.

So it's all...

still pretty small, not vast amounts of money involved, but it was a success, I would say, for everybody involved.

The acquisition process itself was fine.

As always with these kinds of transactions, there was like twists and turns and moments where we thought it would all fall apart.

And then we were almost running out of money and hadn't really succeeded in raising another round.

So we kind of

had to sell or shut down.

So we were under quite a bit of pressure.

We couldn't reduce our own salaries because to do so would have violated the conditions of our visas.

Yes.

So we were in a slightly stuck situation.

Given our lack of leverage in that situation, actually, I'm pretty happy how it all turned out.

We tried a little bit to see like what revenue generating options we had and hadn't really managed to make that work.

So we were just...

burning money and our user growth was okay, but not really enough to go and raise a big round.