TextNow went to market with a product that customers wanted, focused on its unit economics, and did not grow ahead of its ability to generate gross profit. Shocking, right?
Earlier this month, The Exchange took a look at quieter companies that have been growing consistently before, during, and after the 2021 venture capital peak. The startups and unicorns that didn’t raise at 50x or 100x ARR last year may be the companies most ready to kick open the IPO window at some point in the future.
Quite a number of you were enthused by the coverage of less-flashy private tech companies, so we’re taking another look at this startup cohort this morning.
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To further our conversation, I spoke with Derek Ting, the CEO of TextNow, which crossed $100 million in annual revenue — not merely in run-rate fashion — and has a very interesting venture capital history. We’ll also go over how to open the IPO window when the market stops falling by full percentage points every day.Could this ‘quiet company’ kick open the IPO window? View Story