So, while Weebly was happy to take Floodgate’s seed investment, they first had to fly back to Penn State to collect their Undergraduate Diplomas. And while many companies regard funding as a milestone, the “Weeblies” became profitable with less than $700,000. A lot has happened since then. Today, over 30 million people around the world have started a site on Weebly, with over 250 million unique visitors a month. More importantly, Weebly has helped millions of people — entrepreneurs, business owners, teachers, artists– folks from all walks of life — start something that is uniquely their own.
In addition to the their business success, Weebly is a case study in the value of capital efficiency and the power that this gives a founding team in controlling its destiny.