This is a Accel news story, published by MSN, that relates primarily to Frame.io news.
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video collaboration software businessCNBC
•72% Informative
Emery Wells, 42 , is the CEO of Frame.io , a video collaboration software business he co-founded in 2014 .
He sold the company to Adobe for $1.275 billion in 2021 .
Wells: "I was already in debt.. and I think I may have had a few hundred dollars in my bank account".
In the first 90 days after we publicly launched, Frame.io was doing $ 30,000 of monthly recurring revenue.
We raised a $2 million seed round from Accel . That was the moment I was like, "OK" I wouldn't say I had conviction that it was going to be a billion-dollar business.
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