Today is an inflection point for Breakout with the announcement of our $4.5m venture growth round led by the experienced team at RockawayX with participation from Mechanism, Round13, CSquared, IOBC, and Mentat Group. Operationally, we’ve accomplished one of the hardest feats — going zero to one. We currently have over 5,000 traders that have collectively traded over $12B in notional volume and we’re growing exponentially. It’s now time to take things to the next level with a stacked treasury that we can leverage to improve our product even further and get Breakout into the hands of tens of thousands of new traders across the globe. I often get asked what it’s like to run a startup and many times I don’t even know where to begin. Startups are HARD. I won’t get into the minutiae but after 4 startups and 16 years, the biggest takeaway for me has been that in order to succeed, you have to mentally overcome the fact that successful startups need to fall forward and constantly navigate unique obstacles without allowing any one of those obstacles to paralyze the company. This is a constant battle that is unachievable without a resilient team that all share the same mindset and entrepreneurial drive. Our team at Breakout is the best I’ve ever been a part of and our growth in such a short period of time could not have been achieved so far without each and every person involved. You know who you are, thank you. We’re going to continue to push the envelope and will have some really exciting news to share in the coming weeks on the product front. Stay tuned. https://lnkd.in/ezPs8pdE
Ryan Schreiber
3mo
Nice work Turtle Shell. Keep going #02forlife
Matt Bailey
3mo
Nice, Alex! Keep grinding 💪
Chris Karlo
3mo
Well done, Alex!
Founder & CEO at Lumos | Blockchain, Web3, Fintech, Bitcoin, Consulting, Dev Outsourcing | 10% referral bonus for EVERY lead
2moCongratulations on the incredible milestone for Breakout! Securing a $4.5M venture growth round led by RockawayX, along with the support of Mechanism, Round13, CSquared, IOBC, and Mentat Group, is a testament to your team's hard work and innovative spirit. It's truly impressive to see Breakout go from zero to one, amassing over 5,000 traders and facilitating over $12B in notional volume—an exponential growth story in the making! Your insights into the challenges of running a startup resonate deeply. The journey of building a startup is indeed filled with highs and lows, requiring constant adaptation and resilience. Your experience with four startups over 16 years clearly demonstrates that perseverance, a strong team, and a shared entrepreneurial mindset are key to navigating the inevitable obstacles. Excited to see what's next for Breakout and how you will leverage your new resources to enhance the product and expand your user base globally. Looking forward to the upcoming product announcements—keep up the great work, and here's to continued growth and success!