[chubot]

They have raised, but they didn't raise until they were profitable -- that is, WELL past "default alive". They are remarkably different in this respect than essentially every YC startup.

Pretty sure Fog Creek has never raised either, while having 50-100 employees.

The overall point is that you don't have to be a one-person business to grow at a slower but "healthy" rate.

[ghufran_syed]

Interesting that Joel Spolsky himself wondered if this might be a bad thing: http://www.inc.com/magazine/20091101/does-slow-growth-equal-...