So when a customer offered him $500,000 to buy the company, seemingly out of nowhere, the "transformative" offer stopped him dead in his tracks, he says.
Today, Gecko is valued at $633 million, as of a fundraising round last year.
Its clients include the U.S. Navy and Air Force, and it ranked 42nd on the 2024 CNBC Disruptor 50 List in May.
Loosararian "didn't even know who Y Combinator was at the time," he says, but the representatives convinced him to submit an application.
Within months, Loosararian turned down another investment offer, from a "very renowned" billionaire investor that would've valued Gecko at $10 million, he says.
Persons:
Jake Loosararian, he'd, DON'T, Loosararian, Combinator
Organizations:
Robotics, U.S . Navy, Air Force, CNBC
Locations:
Pittsburgh, Silicon