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He Turned Down $5M, Built a $150M Company, Then Walked Away From Being CEO | Steve Martocci
Steve Martocci, co-founder of GroupMe and founder of Splice, reveals: he was $60K in debt from a failed startup, turned down a $5 million offer from Twitter within GroupMe's first two months — then sold the company to Skype 13 months later and went on to build Splice into a $150M ARR music-tech company, before walking away from being its CEO.
THE REAL STORY: Steve was $60K in debt from a failed first startup when he and a friend built GroupMe at a hackathon, before group chat went mainstream. Twitter offered $5M in the first two months. He said no. About a year later, Skype bought GroupMe for…
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