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Joel Gascoigne
Co-founder & CEO of : powerful social media management for small businesses. Finding my own path for business and life. Traveler, climber, surfer.
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Joel Gascoigne 1h
Replying to @jbruck @buffer
I'll have to dig up the total revenue number at the point of the Series A, that'd be an interesting stat.
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Joel Gascoigne 1h
Replying to @jbruck @buffer
When we raised the first $500k we were at around $150k in ARR (2011). When we raised the other $3.5m we were doing $4.6m ARR (2014).
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Joel Gascoigne 1h
Replying to @RPavuluri @buffer
Thank you so much for being on board Rohan!
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Joel Gascoigne 1h
Replying to @hvasquez @buffer
Yes! Fun to think about. Though I am guessing not many startups will share the numbers so it'll be hard to get an overall benchmark πŸ™ƒ
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Joel Gascoigne 1h
Hey Jonathan! That sounds fun. Would love you to meet who can help with discussing this.
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Joel Gascoigne 1h
Yep, Baremetrics is a good proxy overall and fairly accurate. Worth noting that the early days numbers are not quite correct as we started on PayPal and then transitioned to Stripe (which Baremetrics is based on). And these days we have some check payments outside of Stripe too.
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Joel Gascoigne 1h
That could be a lot of fun! I'll chat with to see if some folks would be interested in this.
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Joel Gascoigne 2h
Wow, thanks Scott.
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Joel Gascoigne 2h
Replying to @AJ @buffer
Thanks AJ!
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Joel Gascoigne 2h
Replying to @mindofandre @buffer
Thanks AndrΓ©! Appreciate that so much πŸ˜€
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Joel Gascoigne 2h
Replying to @gbanos @buffer
Indeed! Though it's worth noting that most of our seed round investors were angel investors. We have 3 VC funds from that round, who put in $50k each and are certainly getting towards that horizon. Most investors were individuals who are at least a bit more flexible.
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Joel Gascoigne 2h
Thanks Bobby John - appreciate that!
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Joel Gascoigne 5h
Replying to @AndyGCook @buffer
Thanks Andy. I've learned that patience is a pretty large component of it!
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Joel Gascoigne 5h
Replying to @gbanos @buffer
Yes, over time we'll need to come up with opportunities for liquidity for investors who have more of a short-term horizon. Thankfully we also have investors who are excited about the long-term, sustainable path. I'll write more about this soon!
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Joel Gascoigne 6h
Fun fact: has generated over $50m in total revenue (since late 2010). What I find even more interesting, is to contrast that number with the funding we've raised: $4m. I'm grateful for our investors, they helped us a lot. But we'd be nowhere without our customers.
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Joel Gascoigne 12h
Replying to @Shpigford
It felt that way for me for a while. I'd say it cycles between incredibly interesting, and a little too much detail. I grabbed the audio version and started switching between them (Kindle can keep it in sync sh audible). I got through it much faster that way and loved it.
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Joel Gascoigne retweeted
Katie Womersley Aug 10
Want to work on the latest tech in a fun, inclusive and 100% remote team? I'm hiring engineers at Buffer! Check out our open roles ➑️ Members of underrepresented communities are actively encouraged to apply! COC: πŸ³οΈβ€πŸŒˆπŸ‘©πŸ½β€πŸ’»
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Joel Gascoigne Aug 10
Replying to @jstrauss
πŸ’― I've had to make some tough calls with exactly that in mind.
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Joel Gascoigne Aug 10
Replying to @VineetDevaiah
Haha, I'd say it was snarky ;)
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Joel Gascoigne Aug 10
This works well, as long as 'failure' isn't 7-10 years of your life you spent on your startup, where VCs have many bets going concurrently. That said, I think it's a smart way to approach innovation, placing bets on new products and markets where failure β‰  total failure.
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