profitable-startup
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Thomas Rivas
Thomas Rivas is the founder and CEO of Vendoo, a software platform that helps online resellers list and manage inventory across marketplaces like eBay, Poshmark, Etsy, Mercari and Facebook. He started selling online as a high schooler in 2007, kept selling through college at the University of Maryland, and turned the tedium of posting the same item to a dozen sites into a company that went through Y Combinator's Winter 2022 batch. Vendoo has grown to roughly 50-60 employees, reached profitability, and has been used to create tens of millions of listings.
Candice Xie
Candice Xie is the co-founder and CEO of Veo, the micromobility company she started in 2017 from West Lafayette, Indiana, while still in her twenties. A finance analyst by training rather than a Silicon Valley engineer, she built Veo into the first North American shared-micromobility operator to reach unadjusted EBIT profitability - reaching roughly $52 million in revenue on about $16 million of total funding, while competitors raised billions and flamed out. Calling herself an 'anti-tech bro' CEO and the 'tortoise' of the scooter race, she designs vehicles in-house, expands one city at a time, and won the largest exclusive micromobility contract in the United States with Denver.
Veo
Veo is a Santa Monica-based shared micromobility company that designs, manufactures and operates electric scooters, e-bikes and cargo bikes for cities and university campuses across North America. Founded in 2017 by Purdue graduates Candice Xie and Edwin Tan, Veo built the industry's most diverse vehicle fleet through an in-house design team and became the first profitable shared micromobility operator in the U.S. Rather than chasing growth at any cost, Veo bet on deliberate expansion, exclusive city and campus contracts, and durable, purpose-built vehicles - a strategy that delivered unadjusted EBIT profitability in 2024 while many better-funded rivals retreated.
Karri Saarinen
Karri Saarinen is the co-founder and CEO of Linear — a $1.25B unicorn project management tool trusted by 66% of Forbes' top 50 AI companies, including OpenAI, Ramp, and Vercel. A Finnish designer-turned-engineer who grew up questioning why everyday objects look ugly, attended 5,000-person LAN parties as a child, and turned that instinct into one of the most respected product careers in Silicon Valley. After shaping the visual language at Coinbase and Airbnb (Cereal typeface, Design Language System, Lottie, Google Material Design Award), he co-founded Linear in 2019 with two fellow Finns from Helsinki — and built it to 20,000+ customers and $100M+ ARR while staying profitable the entire time. His philosophy: quality is the growth strategy, tools embed opinions so choose accordingly, and the best MVP in a crowded category isn't minimal — it's sharply opinionated for a specific audience.