Footwork VC's Mike Smith | Finding Your Fit in ECommerce
Greymatter
Capital Constraint Versus Luxury of Having More
stage fix was, you know, something of an anomaly in that it didn't raise a ton of money before wen public to others. And so we got to cashflol positive and profitability on 17 million dollars of capital. We filed the go public with almost a billion dollars in sales and ten points of operating margin. So both the scale of the business and how fast it got to a billion dollars and the operating margins were unusual, to say the least.
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