We raised money again
Summary
Lots of false starts, mistakes, and ultimately decelerating growth in 2021 and 2022 that had me wondering if wed flown ourselves into a box canyon.In the Spring of 2023, as all the air let out of the ZIRP period, our bank, series B investor, and servers all collapsed in the same week. We were done taking (too much) advice, and decided to return to what weve always done: building the company we want to work for, and helping developers make money by shipping cool stuff. This mindset shift led to a rapid cultural turnover at the company, focusing us 100% on shipping and selling stuff to help developers make more money. We halved our burn rate since last summer, our runway is effectively infinite, as we have enough growth to cover our losses with just minor shifts in hiring and investments. Were leveraging every stupid trick weve learned about the app stores to get as close to a no-code migration as possible, enabling more teams to try RevenueCat with fewer resources.