The $2.1 Billion “worst idea ever”: How Gamma built a profitable empire with 50 people
Grant Lee still remembers the investor’s verdict. “Yeah, so the investor said it was the worst idea he had ever heard”. The call came in 2020, when Grant Lee and co-founders Jon Noronha and James Fox started Gamma in San Francisco.
Six years later, that “worst idea” is a $2.1 billion company, a profitable AI-powered visual communication platform used by over 100 million people, that has spent the past few years positioning itself as the answer to PowerPoint and Google Slides.
In an era where AI startups torch hundreds of millions chasing growth, Gamma has crossed $100 million in annual recurring revenue with roughly 50 employees and has been profitable for over 15 consecutive months.
This summer, as competitors slash headcounts and hunt for funding, Gamma is opening a London office, expanding into APAC, and launching its most ambitious product yet.
The problem bobody wanted to fix
Grant Lee didn’t...
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