The Tough Side of Being Venture Backed: ActOn Sells for $53m After 17 Years … And Raising ~$53m+
SaaStr
JANUARY 25, 2025
Founded 2008 * Raises ~$53m in VC * Sells 17 years later for $53m * Only $20m of that cash * 2x ARR price * 1x What Raised Just plain tough. But what is 100% true is if you raise more than a few million in venture capital, especially more than $10m you have to deliver. Thats just how investing work. The stakes go way up.
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