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When you're a struggling team eating away at your meager savings and trying to get your startup profitable, venture capital funding seems like the holy grail.
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Somewhat ironically, when a startup becomes profitable it is likely moving away from startuphood.
Saxena would not say if the startup was profitable yet.
The startup is profitable with about 10,000 developers using the service, including clients like Skype, GREE and Flipboard.
In year one, Tasting Table's revenue was just under $1 million and the startup was profitable.
Within two years the startup became profitable and made the cover of Business 2.0 magazine.
"The startup is profitable and should be able to decide on the strategic alliance or acquisition within 2-3 months," a source familiar with the discussions said.
Now, Anima's products are being used by individual designers at Fortune 500 companies like Apple, Google and Facebook, and the startup is profitable.
The startup is profitable – it makes money from selling featured spots and premium memberships to clients like Microsoft, Durex, eBay, Coca-Cola and Facebook.
By year 15, 50percentt of water startups were profitable, beating the 42percentt average.
But at the 10-year check-in, 31percentt of water startups were profitable compared to a 26percentt average.
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