Chicago startup scene darling SingleHop, which provides web-hosting services for small businesses, has completed its first ever institutional financing, securing a $27.5 million round led by Battery Ventures. When we interviewed SingleHop’s founders Zak Boca and Dan Ushman last November, the pair shared how they decided to finally make the leap from college students to full-time entrepreneurs. “We made a deal with each other,” explained Boca. “If we could get 1,000 customers by our sixth month in business, we’d each quit school and move to Chicago.” The two met their self-imposed deadline and were off to business. And that business, today is booming. Their 2011 earnings report boasted:
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