What companies that are making at least $1 million a year didn’t take funding?

15 points by ronnwer ↗ HN
I'm looking to learn from companies that were started in the last 2 - 3 years that are making at least $1 million a year but didn't take any outside funding.

21 comments

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37Signals [Signal vs Noise blog] has a feature called "Bootstraped, Profitable, and Proud" latest is below, there is at least one more I've read.

http://37signals.com/svn/posts/2385-bootstrapped-profitable-...

That one is Logik and the other one is Campaign Monitor

http://37signals.com/svn/posts/2342-bootstrapped-profitable-...

I think that the common thread for many businesses that have bootstrapped to high-profit profitability in very short order, with little startup capital is enterprise software that the founding team has either A) created and has a very good unique value proposition or B) services very well and in either case, has dedicated sales staff.

Most other businesses take a fair amount of money for either equipment or marketing. Logik talks instead about how it's first sale was around $45,000.

and of course there are many non-funded, non-tech, startups that make that much after 2-3 years too.
I spent a few years managing a bar that grossed that much. It's not a lot of money for a business.
Are we talking about gross or net here? It isn't clear. But yes, most capital intensive ventures are going to get a big gross.
I know it's not a lot, but I am trying to learn from these company.
can you list any you can think of please?
I've known a specialized contractor who has done as well in his first year.
what type of contractor?
hazardous materials removal.
I'm amazed you weren't able to get more responses to this, but after racking my brain it took a bit to come up with one.

How about Threadless? Though I can't seem to find anything that says when they were founded, I'd guess it's about 3 years, but could be more.

37 Signals didn't taking funding until after they were already successful, and of course they've been around for more than 3 years.

threadless was founded in 2000ish. they didn't take money until around 2007ish.

37signals is about the same (time period and what not)

I'm pretty sure PlentyOfFish.com qualifies.
They're more than three years old.
You could try the Inc 5000 list:

http://www.inc.com/inc5000/2009/the-full-list.html

It's not exactly what you want, as these companies will have been in business a little longer, but you can filter the list by earnings and number of employees to see some higher-earning small businesses from recent years.

For example, there's Logik, discussed here a couple of days ago:

http://www.inc.com/inc5000/2009/company-profile.html?id=2009...

You might also try Mixergy, which has a bunch of profiles.

You sir win at being useful, I can't wait to get this list scraped in.
?
it's interesting and well structured data, but it's basically impossible to query for interesting things in the presented format...