Tuesday, April 25, 2017
How a startup went from building servers out of wood to a $20 million business .
How a startup went from building servers out of wood to a $20 million business. Over the last 10 years, Silicon Valley startup Backblaze has quietly established itself as a useful and popular service, letting you back up your entire PC or Mac to the cloud for $5 per computer per month. Backblaze CEO Gleb Budman revealed to Business Insider that the company just closed a $5 million sales quarter, putting it on track for a $20 million annualized run rate (ARR), the amount of money that Backblaze projects it will bring in this year if its current rate of business continues. It's a far cry from the company's modest start, where its self-funded beginnings meant that they built their first storage servers out of wood (seriously). Now, with about 50 employees, including all five founders, Backblaze has gone from nothing to sustainable business, in an industry where profitability is not taken for granted. How a startup went from building servers out of wood to a $20 million business,more