Publications
Publications
- October 2016 (Revised November 2020)
- HBS Case Collection
Bootstrapping at Lightricks
By: Robert White, Jeffrey J. Bussgang and Christine Snively
Abstract
By August 2015, two-year-old mobile imaging software startup Lightricks had developed and released two best-selling paid mobile apps, grown to a team of 30, earned a revenue run rate of nearly $10 million, and achieved modest profitability. The bootstrapped company had explored raising funds, met with venture capital firms, and was presented with a term sheet. The cofounders believed the financing would allow them to scale up quicker, but they also worried about losing control of their company.
Keywords
Business Startup; Technology; Internet; Entrepreneurship; Mobile Technology; Hardware; Business Startups; Online Advertising; Finance; Strategy; Technology Industry; Israel
Citation
White, Robert, Jeffrey J. Bussgang, and Christine Snively. "Bootstrapping at Lightricks." Harvard Business School Case 817-051, October 2016. (Revised November 2020.)
About The Authors
