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09-12-2016, 12:13 PM
How one software startup made it by doing everything backwards
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It's rare for a startup to go public almost within one year of being founded. But then again, how many startups do you k**w from Wellington, New Zealand?
Xero makes cloud-based accounting software for small business and they bucked the Silicon Valley roadmap by **t waiting to "fully mature" before listing on the stock exchange. "We've done everything backwards," its ebullient founder and CEO Rod Drury told Mashable. "We've listed first, then got hedge funds in, then our last fund was with Accel, one of the world's top ventures."*
SEE ALSO: Amity is a new messaging app that's going to have to fight for survival (http://mashable.com/2016/09/08/messaging-app-amity-australia/) Read more... (http://mashable.com/2016/09/12/xero-rod-drury-funding/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Sas (http://mashable.com/category/sas/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Australia (http://mashable.com/category/australia/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Xero (http://mashable.com/category/xero/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/9hc59m5BSTw
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It's rare for a startup to go public almost within one year of being founded. But then again, how many startups do you k**w from Wellington, New Zealand?
Xero makes cloud-based accounting software for small business and they bucked the Silicon Valley roadmap by **t waiting to "fully mature" before listing on the stock exchange. "We've done everything backwards," its ebullient founder and CEO Rod Drury told Mashable. "We've listed first, then got hedge funds in, then our last fund was with Accel, one of the world's top ventures."*
SEE ALSO: Amity is a new messaging app that's going to have to fight for survival (http://mashable.com/2016/09/08/messaging-app-amity-australia/) Read more... (http://mashable.com/2016/09/12/xero-rod-drury-funding/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)
More about Sas (http://mashable.com/category/sas/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Australia (http://mashable.com/category/australia/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Xero (http://mashable.com/category/xero/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), Business (http://mashable.com/business/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial), and Startups (http://mashable.com/startups/?utm_campaign=Mash-Prod-RSS-Feedburner-All-Partial&utm_cid=Mash-Prod-RSS-Feedburner-All-Partial)http://feeds.feedburner.com/~r/Mashable/~4/9hc59m5BSTw