ZipRecruiter's Bootstrapped Growth
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Sam Parr shares a story about ZipRecruiter's impressive bootstrapped growth before raising capital.
"I think the guy's name is Ian Siegel, I think that's the guy who started ZipRecruiter. ZipRecruiter had the largest Series A at the time like 5 years ago ever - it was like a $60 million Series A because they bootstrapped the business to many many tens of millions in revenue.
Fred Wilson has this awesome blog post and he's like 'We were seed investors of Indeed and it's the greatest business model of all time because it's basically Google AdWords.' People only pay for performance. It's one of the greatest businesses I've ever seen. I love these types of businesses because they're perfectly aligned - what you pay for, the pay for performance is perfectly aligned, everyone's incentives are pretty aligned."
Sam Parr
Host of MFM and fitness influencer
Sam Parr is a serial entrepreneur and business media pioneer.
In 2016, he founded The Hustle, a business news media company that started in his kitchen with just $12 and grew to eight figures in revenue.
Sam led the charge in making newsletters popular when few believed in their potential.
After four successful years, he sold The Hustle to HubSpot, a publicly traded company. Now operating as HubSpot Media, The Hustle reaches 3 million readers daily, employs a team of nearly 100, and has been the launchpad for dozens of its staff to found their own media companies and newsletters.
Sam remains the host of the popular business podcast, My First Million, and continues to start and sell companies. He also co-founded Hampton, a highly vetted community for entrepreneurs, founders, and CEOs, and teaches people to write better through his platform, Copy That.