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When, If Ever, Should Profitable Bootstrapped Startups Raise Capital?

Tomasz Tunguz

You can download this model or clone it in your Google docs to play around with it. The company that raises the seed round has more capital to acquire customers earlier in its life. Reverting to the original question, when should a profitable company raise capital, if ever? There are tradeoffs to raising capital.

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Meilisearch lands $15M investment to grow its ‘search-as-a-service’ business

TechCrunch

Meilisearch , the creator behind the open source search engine project of the same name, today closed a $15 million Series A round led by Felicis, with participation from CRV, LocalGlobe, ESOP, Mango Capital, Seedcamp and Vercel CEO Guillermo Rauch. Image Credits: Meilisearch. To date, Meilisearch has raised $22 million.

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At Last – An Asset Class Achieving High Ownership at Low Cost

Angel Capital Association

Studios do this by using repeatable frameworks (imagine a factory) to test these ideas and back them with funding and resources in order to launch and grow powerful, scalable startups. With larger funds also come more rules and structures around the investment thesis and strategy. With an old industry comes outdated practices.

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Zilliz, the startup behind the Milvus open source vector database for AI apps, raises $60M, relocates to SF

TechCrunch

Nearly two years on, today Zilliz is announcing further funding of $60 million as it finally makes its move West, with a new HQ in San Francisco to capitalize on the growing demand for more efficient processing techniques for an ever-expanding trove of unstructured data getting commandeered to power AI applications.

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Founders Fund backs Vest, a startup out to give Latin Americans a bridge to investing in the US stock market

TechCrunch

It plans to have both the active and passive products built with the same user interface so that investors “can use both strategies in the same place, rather than having the fragmented, multi-platform experience that is the norm today,” said Polhamus, who is the former CTO of Mexican fintech Credijusto. “That’s not us. .”

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Daily Crunch: Sources say creator platform Fireside will cozy up to a $125M Series A

TechCrunch

Before we jump into our daily download of startup doings, a few call-outs from today’s coverage. And, as always, there are even more rounds and deals and announcements to read up on: Charli D’Amelio + Lightbricks : From TikTok to venture capital, the world of influencers and investors is converging. Startups/VC. including media.

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6 SMS Marketing Best Practices to Know Before You Hit “Send”

Campaign Monitor

You can download a state-by-state guide from the Contact Center Compliance Corporation. The CTIA’s Short Code Monitoring Handbook lays out more rules in its compliance framework. The capitalization doesn’t help — a PC is, to most, a computer. Use SMS as part of an omnichannel strategy. Flag a sale as “4 hours only!”

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