(CNBC) — By 2010, Anthony Casalena was seven years into bootstrapping his start-up Squarespace, which he’d grown from a dorm room project at the University of Maryland into a business with $10 million in revenue.
That’s when Getty Images approached him to see if he wanted to sell.
Casalena considered the offer long and hard, but he didn’t want to give up control. Instead, he opted to stay independent and bring in outside investors for the first time, allowing him to accelerate hiring and product development and also sell some of his stock.
