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by beatpanda 2359 days ago
Automattic was founded 15 years ago, and despite being a profitable and growing company for most of that time, has only raised $617.3 million, mostly to fund specific expansion projects. At no time have they sought 10x returns or some kind of spectacular exit for the benefits of its shareholders. It’s not even close to the disaster that is most of VC world.
1 comments

617 million is a lot for the general sector. Quora has raised 226 million; the company behind Stack Exchange, 68M.