Jim Belosic built SendCutSend from a hobbyist need for laser-cut letters into a $2.1 billion custom metal-parts company, avoiding venture capital for years while serving 60% of the Fortune 500.
01Summary
- 01SendCutSend, co-founded by Jim Belosic in 2018 in Reno, Nevada, makes custom metal parts from customer designs.
- 02The company raised a Series B round led by Spark, with participation from CRV, MHS, Sequoia, and Paradigm, valuing it at $2.1 billion.
- 03Belosic avoided venture capital for years; a Series A in spring 2024 from Sequoia valued the firm at $1.1 billion.
- 04Clients include Waymo, Anduril, Relativity Space, and 60% of the Fortune 500.
- 05The first order was for pickleball keychains; revenue has grown to nine digits without major institutional VC.
02Why it matters
This story highlights the growing wave of VC investment in U.S. reindustrialisation and shows that a company can scale to a high valuation while prioritising job creation over a traditional Silicon Valley exit.
Pulse AIAsk about this story
Answers are generated by AI from the story summary; they are not investment, health or legal advice.
