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$60,000 Debt to $4B Valuation

Vlad Magdalin
  • Vlad Magdalin

  • Co-Founder & CEO of Webflow
  • $4 billion company value

Ever heard of Webflow?

It’s a website builder with an inspiring backstory.

According to a recent profile, the co-founders are brothers who moved to the US 🇺🇸 with their parents as refugees during the fall of the Soviet Union.

No surprise that their journey also began with freelancing…

They started freelancing in high school. And, later launched their own agency in college. So basically, Sergie would design websites for clients and Vlad would use the design to build a website using WordPress, Joomla, etc.

In 2004 they had the idea for Webflow, and tried and failed to launch it a few times over the years. In 2012 they went all-in on the idea…

At that time, Vlad was sitting on 3-months of cash, and with 2 kids (his daughter was severely ill and needed surgery) and no income. They were in desperate need of funding.

They went $60k into debt before turning things around.

Now the company apparently does $100M in annual revenue and is valued at $4 billion 🤯

Vlad sums up his journey in this epic tweet.

His tldr: keep trying!

Updated: July 20, 2024

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