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The people who make your apps go to Stack Overflow for answers – here's how it works
Decoder with Nilay Patel
How the Stackoverflow CEO Decided to Sell The Company
The decision to sell the company was driven by several factors. Initially, the company pivoted away from its old talent job listings business and focused on accelerating its SaaS business. This led to significant growth and attracted attention from various investors. They received in-bounds from companies interested in investing in them and even secured a CVS investment during the pandemic. As the team's business continued to thrive, they evaluated the possibility of going public in the next couple of years. However, other investors proposed the option of remaining a private company while still achieving rapid growth. This option was appealing due to the long-standing relationships with investors and the opportunity for further investment. The company had the ability to choose between going public or staying private, thanks to their strong investor base and the optionality provided by them. Ultimately, they decided to pursue the path of accelerated growth and the potential to become a bigger company, potentially going public in the future.
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