HubSpot has now raised $33m... and is growing fast

You're in the ball-park.

The company is actually 90 people now. Revenues grew 350% over the past 12 months (in a down economy).

We do our best to spend the money responsibly. But, it's all relative. When I was a bootstrapped entrepreneur, even $1 million seemed like a lot of money.

If memory serves, last time I spoke to Dharmesh they were north of 50 employees. I think he's been pretty cautious about ramping spending in relation to growth... But there's always a lag between growth and cash. Time will tell, but I'd bet he pulls it off. He's wicked smart and has done this a few times before.

edit: Dharmesh response with actual numbers (holy crap-- great growth!)

What it helps a lot with are the terms of the deal. If you NEED the money to keep your company afloat investors are going to put the screws to you for a much lower valuation.