[marothisu]

Here's a success story of a bootstrapped company who did $50M in revenue last year..

https://www.bizjournals.com/chicago/...across-us.html

A Chicago bitcoin ATM operator is expanding rapidly across the U.S. as it looks to make crypto buying and selling more accessible to the masses. And it's doing tens of million in revenue without any venture funding.

CoinFlip, founded in 2015, has become one of the dominant players in the cryptocurrency ATM space with around 2,500 machines spread out across 47 states. It did more than $50 million in revenue last year, CEO Ben Weiss said, growing to more than 200 employees.

Led by Weiss and co-founder Daniel Polotsky, two 26-year-olds who attended Deerfield High School together, CoinFlip is trying to make bitcoin available to anyone, including the unbanked and under-banked, Weiss said. It's different than Coinbase, for example, in that it operates mostly in cash rather than linking to your bank account. It's also faster to get onboarded for first time users, allowing people to purchase bitcoin in minutes, rather than the week or so it takes to create a Coinbase account, Weiss said.

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CoinFlip is 100% bootstrapped, Weiss said. Investors have approached the startup, but Weiss has been hesitant to bring on outside funding, though he didn't rule it out down the road.