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How Envato succeeded without external investors

How Envato succeeded without external investors

The garage start-up Cyan and Collis Ta'eed founded has grown to be a global powerhouse worth $1.1 billion. Now the Young Rich Listers are giving back plenty of the proceeds.

Cyan Ta'eed: "We learnt the lesson about putting all your eggs in one basket very early on."  Josh Robenstone

Michael BaileyRich List co-editor

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Cyan Ta’eed feels lucky, and perhaps even blessed, that her business has survived – and thrived.

The 38-year-old acknowledges there’s been plenty of hard work in building Envato, the marketplace for digital assets she started with husband Collis in her parents’ Bondi Junction garage in 2006.

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Michael Bailey
Michael BaileyRich List co-editorMichael Bailey writes on arts and culture, and edits Weekend Fin. He is a former editor of the Financial Review Rich List. He is based in Sydney. Connect with Michael on Twitter. Email Michael at m.bailey@nine.com.au

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Original URL: https://www.afr.com/wealth/people/how-envato-succeeded-without-external-investors-20191003-p52xb0