forex signal system trading: Exactly What You Need to Learn from Remitly's Success Story

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Saturday, August 01, 2020

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Dear Startup Investor,

On Thursday, news broke that international money transfer app Remitly raised $85 million in a brand-new financing round, rocketing their valuation to a whopping $1.5 billion.

I assume that everyone on Remitly's team is celebrating this news big time... and I don't blame them at all.

Because I happen to have my own investment ties to Remitly... and although I'm no longer sitting at the company's cap table, this news was still exciting to hear.

In November 2011, I invested $25,000 into the company during their very first seed round.

During that round, the company raised a total of $2.78 million at a pre-money valuation of $8.35 million. They took investments from top venture capital firms and investors alike... including Amazon's own Jeff Bezos.

In early 2018, I exited Remitly with almost $476,000... an amazing 19X return.

Soon after I exited, the company closed their Series D financing round with $115 million in funding at a $385 million valuation.

Since then, Remitly's continued growth has been absolutely incredible, but not surprising to me. This is a company that did all the right things as they grew and saw major success for their efforts.

But there's one piece of Remitly's success puzzle that really piqued my interest back then.

They graduated from a startup accelerator... more specifically, one of the top-tier platinum startup accelerators in the world: Techstars.

And in my opinion, Remitly's success story - and the success stories of so many others - can teach us one valuable lesson...

That sometimes, the best way for the world's most successful companies to get a head start is to seek and accept the expertise of other industry experts.

And often, the companies that get this type of push can be the ones that provide the greatest returns to their investors.

Just click here to get the scoop.

Until next time,

Neil

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Exactly What You Need to Learn from Remitly's Success Story

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