> I’ve been a fan and customer of Freshbooks for years. They were self-funded for a very long time until recently raising a large round of funding when they had over 200 employees. I’m pretty sure Mike’s dealt with similar problems. Unfortunately I just missed a great opportunity to ask him about it.
Freshbooks was not self funded until they had over 200 employees. One of the founders' parents put in money and a very prominent CEO of a major tech company put in money and a very large financial company put in money and then they hit 200 employees.
2nd Site Inc., the previous name, was self-funded / bootstrapped(ish). But they weren't Freshbooks for very long without no longer qualifying by any stretch of the imagination as "bootstrapped" or "self-funded".