Built a $50M/yr SaaS Biz (that didn't work out so great), So I'm Building Another One. I'm Rand Fishkin of SparkToro (prev. Moz) AMA

Hi Jimmy - no worries! Short answer is no, I did not do well out of Moz. Have a few hundred thousand in savings, but that’s it. Without an exit, and with no buyer for the stock, there’s no path to a financial exit, so all that stock is worth something on paper, but not IRL.

That said, SparkToro’s funding was also a form of validation for us AND, even more importantly, I wanted to pave the road for alternative kinds of funding for startups outside the classic venture model. Fingers crossed, if we prove successful with SparkToro, more investors will consider making investments this way (and more startups will think about fundraising this way, too).

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