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by mschaecher 3265 days ago
Craiglist generates tons of cash, wildly profitable, no investment

Bose has always funded itself via profits for 50 years with no outside investment. $3b-$4b revenue last year.

Beats waited 4-5 years and was huge before taking first equity investment from HTC

3 comments

Wasn't Beats founded by a celebrity? I feel like this kind of goes against the spirit of the list.
Recent docu-series "The Defiant Ones" on HBO [1] features the story of Iovine and Dre regarding their partnership on Beats (and beyond).

[1] https://defiantones.com/

a celebrity with very deep pockets.
Jimmy Iovine and Dr. Dre.
AFAIR eBay had an investment in Craigslist. Might be wrong.
eBay bought a former employee's stock from him; it wasn't an investment. Craigslist later bought back the stock (https://web.archive.org/web/20040813165340/http://www.cnewma...).
They owned at least 25% of the company at one point, but it was well after it started and gained critical mass, or liquidity in this case. My filter for this piece allowed for companies that raised money, but only if they managed to run independently, for a few years at least.
All good examples! Thanks so much!