Microsoft raised $1M in venture funding in its only round in order to convince David Marquardt to be on the board. The money wasn't needed and the reason for the IPO was mostly the 500 shareholder rule since shares were trading privately. MSFT was essentially bootstrapped.https://twitter.com/fcollective/status/1042427420442329088 …
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The linked article was about funds raised pre IPO. But the IPO itself wasn't caused by a need for funds. Staying private was an option considered.https://www.google.com/amp/amp.timeinc.net/fortune/2011/03/13/inside-the-deal-that-made-bill-gates-350000000 …
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Amazon: $13M
Ebay: $10.6M
Yahoo: $4.9M
Obviously a different time, but the beauty of software-based startups is that you don't need much capital. Also, these 50 case studies show it's still possible: