CE#488: This 25-Year-Old Said No To $10 Million (Business Insider)

Alistair Crane is 25-years-old and co-founder of startup Grapple Mobile, which builds custom mobile apps for big companies. He’s living proof that startups don’t need VC money.

He and his co-founder, Jamie True, said no to a $10 million offer to seed Grapple in the early days, a mere two years ago.

“We framed the offer letter from the bidder and it sits in one of our toilets in our U.K. headquarters,” he laughs.

Crane and True wanted to live poor. They wanted to watch their pennies. They wanted to construct a business that had to be profitable. Most of all, they didn’t want to have to give their profits to an outsider and have that guy telling them what to do.

Full article here

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