The Multimillion-Dollar Companies That Are Still Bootstrapped

The Multimillion-Dollar Companies That Are Still Bootstrapped

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Fremont: Every entrepreneur wants to make his idea a big and successful one, for which they need fund and looks toward VCs and Angel Investors. Few entrepreneurs succeed in raising capital, but the fund is accompanied with the possibility of sharing the executive profile with the investors. However, there are few such entrepreneurs who do not believe in taking outside fund and enjoy their independence. They believe in creating legacy alone. Below mentioned are few such companies that are still bootstrapped and have huge success attributed to them.



Zoho



The Multimillion-Dollar Companies That Are Still Bootstrapped, Zoho, Sridhar VembuCurrently over five million users are working online with Zoho. Zoho is a comprehensive suite of online productivity, collaboration and business applications for small and medium-sized businesses. Formerly known as AdventNet, Zoho was founded in 1996 by Sridhar Vembu. It is quite a surprise that the company has not raised a single penny and has been bootstrapped since the beginning. He believes that the VCs have different priorities and different motivations than people who create and operate businesses. As a founder, Vembu never had the interest in exiting his business. He says that he is in the business to run it and not to run away from it.



 



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