{"id":15075,"date":"2019-05-14T02:28:26","date_gmt":"2019-05-14T02:28:26","guid":{"rendered":"https:\/\/rsoftsolution.com\/blog\/mailchimps-ben-chestnut-on-bootstrapping-a-startup-to-700m-in-revenue-2.html"},"modified":"2019-05-14T02:28:26","modified_gmt":"2019-05-14T02:28:26","slug":"mailchimps-ben-chestnut-on-bootstrapping-a-startup-to-700m-in-revenue-2","status":"publish","type":"post","link":"https:\/\/www.rbsitsoftwaresolution.in\/blog\/mailchimps-ben-chestnut-on-bootstrapping-a-startup-to-700m-in-revenue-2.html","title":{"rendered":"Mailchimp\u2019s Ben Chestnut on bootstrapping a startup to $700M in revenue"},"content":{"rendered":"

The well-known tech<\/span> startup routine of coming up with an idea, raising money from VCs in increasing rounds as valuations continue to rise and then eventually going public or getting acquired has been around for as long as the myth of Silicon Valley itself. But the evolution of Mailchimp \u2014 a notable, bootstrapped outlier out of Atlanta, Ga. that provides email and other marketing services to small businesses \u2014 tells a very different story of tech startup success.<\/p>\n

As the company closes in on $700 million in annual revenues for 2019<\/a>, it has no intention of letting up, or selling out: No outside funding, no plans for an IPO and no to all the companies that have tried to acquire it. As it has grown, it has been profitable from day one.<\/p>\n

This week, the company is unveiling what is probably its biggest product update since first starting to sell email marketing services 20 years ago: It\u2019s launching a new marketing platform that features social media management, ad retargeting, AI-based business intelligence, domain sales, web development templates and more.<\/p>\n

I took the opportunity to speak with its co-founder and CEO,\u00a0Ben Chestnut <\/a> \u2014 who started Mailchimp as a side project with two friends, Mark Armstrong and\u00a0Dan Kurzius, in the trough of the first dot-com bust \u2014 on Mailchimp\u2019s origins and plans for what comes next. The startup\u2019s story is a firm example of how there is definitely more than one route to success in tech.<\/p>\n

\n

Ingrid Lunden: <\/strong>You\u2019re launching a new marketing platform today, but I want to walk back a little first. This isn\u2019t your first move away from email. We discovered back in March that you quietly acquired a Canadian e-commerce startup, LemonStand, <\/a> just as you were parting ways with Shopify.<\/p>\n

Ben Chestnut:<\/strong> We wanted to have a tool to help small business marketers do their initial selling. The focus is not multiple products. Just one. We\u2019re not interested in setting up full-blown e-commerce carts. This is about helping companies sell one product in an Instagram ad with a buy button, and we felt that the people at LemonStand could help us with that.<\/p>\n

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Article source: http:\/\/feedproxy.google.com\/~r\/techcrunch\/social\/~3\/NdOubLd_5ag\/<\/p>","protected":false},"excerpt":{"rendered":"

The well-known tech startup routine of coming up with an idea, raising money from VCs in increasing rounds as valuations continue to rise and then eventually going public or getting <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[3],"tags":[10,7,14,15,6,12,11],"class_list":["post-15075","post","type-post","status-publish","format-standard","hentry","category-latest-update","tag-computer-news","tag-downloads","tag-microsoft-download-news","tag-networking-updates","tag-technology-update","tag-wordpress-plugin-download","tag-wordpress-theme-download"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t