builds, fixes, and triages technology companies and products

Series A and B Startup Development

Posted By on March 19, 2011 in Success Stories | 0 comments

Startup company acquired after multiple funding rounds within 5 years of product launch.

Situation

The small founding team (which included FreelanceCTO) specified and prototyped the initial product and needed capital to grow the company. The growth strategy required two tiers of significant investment to target a large-scale consumer audience.

Findings

Market research and interviews with potential customers found that the product resonated strongly with them. Iterative approach to development brought key features to customers as they grew with the service.

Action

FreelanceCTO designed the product and put together the team to the build company in a 6-month period.

Result

Company successfully raised all necessary resources and went on to be acquired by one the leading hosting companies at the time. The acquisition occurred within 5 years of launching the company.