Buffer co-founder Joel Gascoigne explains why the company spent $3.3M, about half of all its cash, to buy out seven of its sixteen Series A investors
Last month, Buffer spent $3.3 million - about half of all the cash we had in the bank - to buy out our main venture capital (VC) investors. Tweets: @laurenjcapelin , @monkchips , @dhh , @hunterwalk , and @polotek Tweets: @laurenjcapelin : I continue to be blown away by the transparency and long term thinking of @joelgascoigne and the @buffer team. The world needs more businesses like this #community #leadership http://twitter.com/... Kmonkchips / @monkchips : this is a super interesting story about startups, VCs, profitability and regaining control of your destiny. congratulations joel. really amazing work. http://twitter.com/... @dhh : Great to see a company like Buffer double down on calm, sustainable growth by getting rid of venture capitalists. Money well spent! http://twitter.com/... @hunterwalk : one “how I successfully got off of the venture curve” article is worth 100 “how I raised VC” postsTy @joelgascoigne for the continued dedication to @buffer and transparency http://twitter.com/... Marco Rogers / @polotek : It's hard to get real information about how this wacky startup system works. Buffer has always pushed the boundaries on transparency. This is well worth a read. http://twitter.com/...