Bootstrapping to $30 Million ARR

By | December 13th, 2018

Backblaze will be celebrating its 12th year in business this coming April 20th. We’ve grown steadily over the years, and this year have reached $30 million ARR (annual recurring revenue). In a series of posts and in a BrightTALK Founders Spotlight interview, our CEO, Gleb Budman, shares his behind-the-scenes insight into what it’s really like to found a tech startup.

Early Challenges: Making Critical Hires

By | February 13th, 2018

Hiring success shouldn’t be defined by finding and hiring the right person, but instead by the right person being successful and happy within the organization. Let’s look at who you need to hire, when to hire them, where to find them (and how to help them find you), and how to get them to join your company.

Early Challenges: Managing Cash Flow

By | January 16th, 2018

Running out of cash is one of the quickest ways for a startup to go out of business. As a primarily bootstrapped but capital-intensive business, managing cash flow at Backblaze was and still is a key element of our success and requires continued focus. Let’s look at what we learned over the years.

The Decision on Transparency

By | November 14th, 2017

“Are you crazy?” “Why would you do that?!” “You shouldn’t share that!” were just a few of the common questions and comments we heard over the years when Backblaze shared information about our business that most other companies do not. What was the thought process behind opening up? I’d like to explore the positives and negatives of being so transparent as a company.

How to Compete with Giants

By | October 17th, 2017

Perhaps your business is competing in a brand new space free from established competitors. Most of us, though, start companies that compete with existing offerings from large, established companies. Your job is to come up with a better mousetrap — not the first mousetrap. That’s the challenge Backblaze faced. In this post, I’d like to share some of the lessons I learned from that experience.

Surviving Your First Year

By | September 21st, 2017

In my previous posts, I talked about coming up with an idea, determining the solution, and getting your first customers. But you’re building a company, not a product. Let’s talk about what the first year should look like.