bootstrapping

Dougs, a French accounting startup, has been around since 2015. It already generates $16.4 million (€15 million) in annual recurring revenue. And it’s a bootstrapped company, meaning that it hasn’t opened its capital and raised any funding from VC firms. But now, the company has decided to raise its first founding round. Dougs raised $27 million (€25 million) from Expedition Growth Capital, a British VC firm that is looking for investment opportunities in bootstrapped companies that have reached a certain level of…

How many paying customers do you have, and how long are they locked in? Annual recurring revenue (ARR) has always been a key metric, but with valuations down across the board and new money too tight to mention, it’s now a lodestar — especially for self-funded startups. Hotjar CEO Mohannad Ali wrote an article for TC+ laying out four principles from his bootstrapped company’s product-led growth strategy that helped them “move quickly and pivot regularly.” Full TechCrunch+ articles are only available to membersUse…