Typefully acquired

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News

Congrats to Fabrizio and Francesco for their sale of social media scheduler Typefully. They launched in 2020 and I believe they had reached $2m ARR before the sale so they should see a nice multiple from that.

88% of VC founders get zero

A pretty alarming stat here. 88% of founders from VC-backed startups leave their company with nothing. It was the finding of a Wharton/University of Zurich study.

A notable example is Fanduel, whose founders walked away with nothing after the company sold for $500m. They are now suing their investors.

Makes bootstrapping seem a lot more of a smarter bet, doesn't it?

https://app.dealroom.co/news/note/88-of-vc-backed-founders-get-nothing-at-exit-and-the-top-1-take-79-of-the-value-new-study-finds

Chrome extension for X

Venelin, who I worked with at the Uneed Residency in France, has released an open source Chrome extension for Twitter/X users. It lets you view your followers, see who is active/inactive, who follows you back etc.

https://github.com/venelinkochev/xmate

NYC bootstrapper meetup

There's a meetup for bootstrappers making more than $10k/m happening in New York City on the 19th of November: https://luma.com/uenrhc0n

I moved No CS Degree from Ghost to Astro

I finally moved my No CS Degree website over to Astro. There are 200 stories of people learning to code without college there.

It's now built on Astro and hosted for free on Cloudflare Pages, saving me $75 per month. I wrote more about it and the pros and cons of this approach here: