While the official press release did not disclose the terms of the deal, Frost (who had previously left the company), posted on X, LinkedIn, and Instagram that his startup walked with $105 million cash and had only raised $8 million from investors. That's a healthy return by any measure. Frost had not been running the company for about two years, according to a LinkedIn post by Skio's current CEO, Aidan Thibodeaux, who began as the startup's first COO. When he took over, he described a grind that involved no spend on marketing, ads, or a sales team. Instead, they focused spending exclusively on building the product. He and the founding CTO, Andrew Chen, made every sales call themselves, he wrote. Frost's story is even more stirring. In his Instagram post, he wrote that he solo-founded the startup after having a panic attack that caused him to leave his job as an engineer at Pinterest. COVID shut the world down two weeks later. Frost got into YC and says in another post that he...
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