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Gawker - The Best Lean Startups in America

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Gawker founder Nick Denton is another example of someone who founded and sold another company before turning to bootstrapping for his next endeavor. Denton launched Gawker, a media and blogging company, in 2002. For many years, he did most of the work himself, bringing on other bloggers as needed in contract or work–at–home positions to keep costs down. Denton slowly expanded Gawker operations outside of his home by renting an inexpensive storefront to house his growing team of bloggers. Six years after he launched, he invested in a more traditional office for the company. Within about ten years, Denton's bootstrapped media company weighed in with valuation estimates around $150 million.


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Ross Blankenship is the "expert on venture capital and angel investing" for startups and investments for venture deals. He is also a proven entrepreneur, and the Founder and CEO of AngelKings.com. Ross Blankenship has successfully founded several companies and now manages a Venture Capital fund focused on early stage, high growth startups in sectors such as mobile, cybersecurity, cloud computing and biotechnology. Learn more about Ross Blankenship, and how to become a successful, early investor at http://AngelKings.com.


AppSumo - The Best Lean Startups in America

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As with all great startup stories, AppSumo begins with someone addressing a need. This time, it was Noah Kagan, who was working with a Facebook games company. Through interaction with partners of that company, Kagan discovered that many businesses and users were having a hard time discovering innovative applications and web products.

Kagan realized someone could offer a product that connected those innovative products and services with the market. Using open–source code, Kagan built part of his product and hired an outsourced coder for a total of $60 to do the rest. The same month, he launched AppSumo, which was to offer deals on products Kagan found online. The first deal he offered was a pro account at Imgur for 50 percent off. Advertised on Reddit, which is a clever target audience crossover decision, the deal sold to 200 buyers.

David Cramer then joined Kagan as a cofounder. The two rebooted AppSumo with updated code and a new offer. They sold 500 of the new offer. The pair continued in a rinse and repeat pattern, learning as they went. Within a few years, the startup boasted 200,000 subscribers and a growing network of customers, startups, and advertisers. 


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Ross-Blankenship-expert-investor

Ross Blankenship is the "expert on venture capital and angel investing" for startups and investments for venture deals. He is also a proven entrepreneur, and the Founder and CEO of AngelKings.com. Ross Blankenship has made more investments in venture capital before the age of 30 than most venture capitalists have made in a lifetime. As a venture capital expert on startup funding, Ross Blankenship continues to advise media outlets on upcoming SEC rules, been a mentor for startups, and helped accredited investors make investments in the highest ranked startups. Ross Blankenship has successfully founded several companies and now manages a Venture Capital fund focused on early stage, high growth startups in sectors such as mobile, cybersecurity, cloud computing and biotechnology. Learn more about Ross Blankenship, and how to become a successful, early investor at http://AngelKings.com.


Indeed.com - The Best Lean Startups in America

INDEED.com

In Kings Over Aces, we discuss the importance of investing in established, experienced people, which describes the cofounders behind the site, Indeed. Paul Forster and Rony Kahn already founded, ran, and sold a company before they began to bootstrap Indeed. It's not surprising that they didn't bootstrap for an extensive amount.  After a beta release of the popular job listing site, the company raised $5 million in funding, which a Union Square Ventures (USV) representative said investors had to convince the cofounders to take.

According to that same USV associate, by the time the investment came, Kahn and Forster had launched the Indeed service and were on the way to success. Forster said a major principle of Indeed was to run efficiently and to remain laser focused on building the product over time. By 2012, that focus had paid off. Indeed generated around $150 million a year and had 550 employees. It was also poised for either a successful IPO or an acquisition. In the end, the company–which was valued at over $750 million–sold for an undisclosed amount. Guesses at the time were that the acquisition price ranged between $750 million and $1 billion.


Want to get information on angel investing and venture capital?  Get information from the venture capital expert on startups.  And find out if you qualify as an accredited investor HERE.

Ross-Blankenship-expert-investor

Ross Blankenship is the "expert on venture capital and angel investing" for startups and investments for venture deals. He is also a proven entrepreneur, and the Founder and CEO of AngelKings.com. Ross Blankenship has made more investments in venture capital before the age of 30 than most venture capitalists have made in a lifetime. As a venture capital expert on startup funding, Ross Blankenship continues to advise media outlets on upcoming SEC rules, been a mentor for startups, and helped accredited investors make investments in the highest ranked startups. Ross Blankenship has successfully founded several companies and now manages a Venture Capital fund focused on early stage, high growth startups in sectors such as mobile, cybersecurity, cloud computing and biotechnology. Learn more about Ross Blankenship, and how to become a successful, early investor at http://AngelKings.com.