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Startups For the Rest of Us

Episode 496 | "The Press Covers Exceptions, Don't Compare Yourself to Slack or Zoom"

May 12, 2020
Colin Nederkoorn, co-founder of customer.io, is known for his unique approach to marketing automation, while his partner John brings expertise in analytics tools. They discuss their unconventional journey, starting with no savings and bootstrapping a SaaS app. Colin emphasizes the importance of balancing innovation with best practices and shares insights on building a remote team. The duo also highlights their commitment to supporting the bootstrapping startup community and reflect on early marketing strategies that helped them thrive.
38:32

Podcast summary created with Snipd AI

Quick takeaways

  • Customer.io's founders utilized a hybrid funding approach, allowing them to maintain control and align business values with personal beliefs.
  • The pivot to a remote-first company enabled Customer.io to attract top talent, fostering a strong culture of flexibility and deep work despite inherent challenges.

Deep dives

The Unique Journey of Customer.io

Customer.io took a distinctive path in its development by intentionally avoiding both traditional venture funding and purely bootstrapping. Instead, the founders utilized a hybrid approach, raising initial funding from friends and family while focusing on creating a profitable business without the high-stakes pressures of seeking a unicorn status. This allowed them to maintain control over their company while still growing substantially, as evidenced by the acquisition of over 1,400 paying customers and achieving 11.5 million ARR. The company’s choice to embrace a model of independence has resonated within the bootstrapping community, offering lessons on aligning business values with personal beliefs.

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