Here's how Casper’s founders went from $100,000 in debt to building a billion-dollar mattress start-up. (via CNBCMakeIt)
Without any significant outside investments, Casper's founders first had to put up their own money and when that ran out use their own credit cards to pay for the most basic start-up costs, including manufacturing the first sample mattresses and paying to ship them to prospective investors.
Casper's founders finally won over a group of venture capital investors who believed in the idea enough to give them $1.85 million in seed funding to get the idea off the ground in January 2014. The company officially launched in April 2014 and, even to the surprise of its founders, CasperThe founders then had to scramble to fulfill those early orders.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Symphony, the start-up taking on Bloomberg's dominance of Wall Street, is now worth $1.4 billionThe messaging platform for Wall Street firms is backed by more than a dozen of the world's biggest financial players.
Read more »
Gary Vaynerchuk: This side hustle can end debt and earn a struggling person up to $100,000 in incomeGary Vaynerchuk, serial entrepreneur turned social media mogul, may be worth $160 million but he still loves a good side hustle. He has witnesses a gig called retail arbitrage make homeless people as much as $50,000 to $100,000.
Read more »
Over half of parents willing to go into debt to pay children’s college tuitionMore than half of American parents are willing to go into debt to pay for their child's college tuition, according to a new report.
Read more »
How Did WeWork’s Adam Neumann Build a $47 Billion Company?Nine years ago, Adam Neumann discovered he could make office spaces fun and charge extra for the “community.” How did he build WeWork into a $47 billion company? Not by sharing. reeveswiedeman reports
Read more »
Chinese Brokerage’s $2 Billion Offering Kick-Starts Stock Link With LondonChinese brokerage Huatai Securities plans to raise as much as $2 billion selling London-listed share-backed instruments this week, reviving the postponed Shanghai-London Stock Connect program.
Read more »
Bernie Sanders has upped his game, but does it matter?First Read is your briefing from 'Meet the Press' and the NBC Political Unit on the day's most important political stories and why they matter.
Read more »