![]() ![]() The road to IPO was something we thought about from day one of our company, but we started moving along it more seriously in early 2020. It created some unique obstacles, but it worked for us, and we hope other entrepreneurs and business leaders can leverage our learnings, avoid our mistakes, and find some of the same benefits we did in going public. The message we frequently heard was that without lots of media buzz, multiple rounds of traditional venture capital (VC) funding, public declarations of money raised, revenue above $100M, and lofty growth metrics, don't even bother getting started.īut we'd already taken a different route to get where we were, bootstrapping our way to profitability and growth without following the road most traveled and the structure that provides, so we weren't afraid to do the same thing in an IPO. It wasn't just that the roadmap was unclear, the process was also clouded by perceptions of what type of company could make the journey. In the 20 years leading up to 2021-the year Backblaze was listed-around 4,500 companies went public, and yet there was still no definitive resource for us to follow when we started out. And stay tuned for more-I'll be filling in the details over the next year and writing the playbook I wish we had when we started down our IPO path. You can also tune in to our Stocks and Storage series on YouTube for more explainers on Wall Street jargon from IPO to EBITDA. This blog series is for everyone: from those of you dreaming up your first idea, to startups still in stealth mode, to the thousands of companies with revenue in the tens of millions. ![]()
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