20 By 2020: Quizlet’s Big Revenue Ambitions From Third-Party Content Partners
SEPTEMBER 27, 2017
The bootstrapped, San Francisco-based company claimed it was profitable thanks to its free popular digital flashcards, for which users could pay an annual subscription to get additional features. Then in 2015, the company took a gamble: It raised $12 million for its first round of outside investment. Today the company has nearly 60 full-time staff, almost quadruple the number from early 2015. For its first 10 years, Quizlet was humming along just fine.