Retool, a low-code tool for creating enterprise apps, raises a $20M Series C from Stripe's founders and others at a $1.85B pre-money valuation
whether it's internet infrastructure tools or fundraising announcements like this one. Lets you focus on what matters for customers and employees, usually with a much longer time horizon. (And why I chose to work @stripe and @retool.) https://twitter.com/... Nat Friedman / @natfriedman : Congrats to the amazing and powerful team at Retool! https://twitter.com/... Julie Chen / @juliechentweets : We raised! But not in the typical unicorn way. Very grateful that @retool has taken an employee-first fundraising approach: keeping our dilution low and maintaining upside for new employees. We are hiring across all teams!! Come join me :) https://retool.com/careers https://twitter.com/... Charley Ma / @charleyma : The ultimate employe recruiting perk - a rational 409a & thus strike price for options w/ obvious upside. (great article on how @retool approached their $20M series C with a smaller fundraise + valuation vs what the ‘market’ would pay). https://www.forbes.com/... https://twitter.com/... Jeff Richards / @jrichlive : Alt headline “When your software company is growing like crazy and cash flow positive, you can raise 💰 however the f'*k you want.” Great story by @alexrkonrad https://www.forbes.com/... Bryan Schreier / @schreier : Founders: raise as little as you can! A different perspective on how to be employee-first from @Retool. And yes, its a fortunate position to be in. https://www.forbes.com/... Elad Gil / @eladgil : Not diluting much for funding seems like a non-risky approach to me! 🙃 Congrats Retool! 🔥 https://www.forbes.com/... Alex Konrad / @alexrkonrad : It's easier to raise more frequent, smaller rounds when capital's abundant and you're already backed by Sequoia and the likes of @danielgross and @eladgil like Retool is. Still, in a war for talent, it's an interesting angle, as VC @imthemusic notes. https://www.forbes.com/... https://twitter.com/... Alex Konrad / @alexrkonrad : Low code startup Retool just reached a $1.9B valuation. But founder @dvdhsu did it raising as little as possible — $20M in this Series C — and at a deliberately lower price. Here's why he thinks most unicorn funding rounds aren't helping employees. https://www.forbes.com/... Alex Konrad / @alexrkonrad : Retool's $20M Series C was led by angel investor operators like @collision @patrickc @natfriedman and @jaysimons. The startup claims it can save engineers $1M, and execs up to $10M, by pursuing a low dilution, low valuation approach. https://www.forbes.com/... tip @Techmeme Thanks: @alexrkonrad
More startups need to think like this. Don't fall into that VC trap. Don't raise tons ‘because you can’. Money is cheap, dilution is permanent.Raise what you need. https://www.forbes.com/...
1/4 Excited to share that Retool has raised a Series C to accelerate product investments that will make Retool the de facto way of building internal tools. https://www.forbes.com/... Here's why now is the right time to join the team 🧵
Something special about the non-flashy work—whether it's internet infrastructure tools or fundraising announcements like this one. Lets you focus on what matters for customers and employees, usually with a much longer time horizon. (And why I chose to work @stripe and @retool.) h…
We raised! But not in the typical unicorn way. Very grateful that @retool has taken an employee-first fundraising approach: keeping our dilution low and maintaining upside for new employees. We are hiring across all teams!! Come join me :) https://retool.com/careers https://twitt…
The ultimate employe recruiting perk - a rational 409a & thus strike price for options w/ obvious upside. (great article on how @retool approached their $20M series C with a smaller fundraise + valuation vs what the ‘market’ would pay). https://www.forbes.com/... https://twitter.…
Alt headline “When your software company is growing like crazy and cash flow positive, you can raise 💰 however the f'*k you want.” Great story by @alexrkonrad https://www.forbes.com/...
Founders: raise as little as you can! A different perspective on how to be employee-first from @Retool. And yes, its a fortunate position to be in. https://www.forbes.com/...
It's easier to raise more frequent, smaller rounds when capital's abundant and you're already backed by Sequoia and the likes of @danielgross and @eladgil like Retool is. Still, in a war for talent, it's an interesting angle, as VC @imthemusic notes. https://www.forbes.com/... ht…
Low code startup Retool just reached a $1.9B valuation. But founder @dvdhsu did it raising as little as possible — $20M in this Series C — and at a deliberately lower price. Here's why he thinks most unicorn funding rounds aren't helping employees. https://www.forbes.com/...
Retool's $20M Series C was led by angel investor operators like @collision @patrickc @natfriedman and @jaysimons. The startup claims it can save engineers $1M, and execs up to $10M, by pursuing a low dilution, low valuation approach. https://www.forbes.com/... tip @Techmeme