Sahil Lavingia, only 19 years old, incepted the idea about starting this website when he created a Pencil icon on Photoshop by putting in lots of efforts, he shared the icon on Facebook, people liked it, shared it, but there was no one who actually was willing to pay him for that. Hence, he made Gumroad , a website with the most simple index page after Google, where you just post the url link to your piece of ART, an image too if you want and you are done. You can sell anything here.
The starting investment that he got from the angel investors was $1.1 million, and this time Gumroad has received $7 million in new funding led by Silicon Valley venture capital stalwart Kleiner Perkins Caulfield & Byers. The funding will be utilized to hire more experienced people to bulk up its current staff of three, said the Founder & CEO, Sahil Lavingia.
With many other competitors in the same field of selling anything using microlinks, it will be a tough race for Gumroad to rise as the winner, but you never know what a young mind is capable of doing, as we all still remember the Facebook story.
If you can share it, you can sell it. We want to democratize the ability to sell stuff online. You’re a creative person; you create a lot of content. But most of it sits, archived, on some computer somewhere for the rest of time. It’s either too hard, or too time-consuming, or it doesn’t even make sense to put in a store! We let you easily sell the stuff you haven’t been able to, yet. It turns out, that includes a lot...