Skip to Main Content
HBS Home
  • About
  • Academic Programs
  • Alumni
  • Faculty & Research
  • Baker Library
  • Giving
  • Harvard Business Review
  • Initiatives
  • News
  • Recruit
  • Map / Directions
Faculty & Research
  • Faculty
  • Research
  • Featured Topics
  • Academic Units
  • …→
  • Harvard Business School→
  • Faculty & Research→
Publications
Publications
  • October 2016 (Revised October 2023)
  • Case
  • HBS Case Collection

Bootstrapping at Lightricks

By: Robert White, Jeffrey J. Bussgang and Christine Snively
  • Format:Print
  • | Language:English
  • | Pages:32
ShareBar

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; Information Technology; Internet and the Web; Entrepreneurship; Mobile and Wireless Technology; Information Infrastructure; Business Startups; Digital Marketing; 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 October 2023.)
  • Educators
  • Purchase

About The Authors

Robert F. White

Entrepreneurial Management
→More Publications

Jeffrey J. Bussgang

Entrepreneurial Management
→More Publications

Related Work

    • October 2016 (Revised October 2023)
    • Faculty Research

    Bootstrapping at Lightricks

    By: Robert White, Jeffrey J. Bussgang and Christine Snively
Related Work
  • Bootstrapping at Lightricks By: Robert White, Jeffrey J. Bussgang and Christine Snively
ǁ
Campus Map
Harvard Business School
Soldiers Field
Boston, MA 02163
→Map & Directions
→More Contact Information
  • Make a Gift
  • Site Map
  • Jobs
  • Harvard University
  • Trademarks
  • Policies
  • Accessibility
  • Digital Accessibility
Copyright © President & Fellows of Harvard College.