The past couple of years have offered plenty of examples of those types of companies. According to Crunchbase data, a sizable cohort of companies has progressed from Series A to Series C between 2023 and this year. Several have managed to scale all three stages in less than 12 months. The two first met when Glasgow was working at Invoice2go, a startup that was acquired by fintech giant Bill in July 2021 for $625 million. Locke was also an investor in Invoice2go, where Glasgow was a vice president of business development and partnerships before the acquisition. Glasgow eventually left Bill, which he joined after the buyout, to start Campfire with the goal of building an AI-native ERP, or enterprise resource planning software, for 'modern' finance and accounting teams at mid-sized and enterprise companies. 'We went our first two years since YC with just $3.5 million in funding,' Glasgow said in an interview. 'And we still had about half of it. But then we felt an intense market pull,...
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