Ahikam Kaufman
๐ค SpeakerAppearances Over Time
Podcast Appearances
Because the idea is that you can reliably bring or create a financial data lake, which creates like kind of a unified data set for all the financial systems and link the data together.
Because in finance, it's all about the linking.
You want to make sure that the quote is connected to the opportunity in Salesforce, which connects to the right set of invoices or billing, how you bill the customer.
And only when you do that, you can actually ask the data questions and check the data.
So that's what we did back at the day in Czech.
And yeah, that's what worked for us very well.
So, yeah, so to your point, we raised the initial seed in 2007 from a group of private investors.
And then we raised our A from a VC called Peak.
And we raised our B from a fund called Morgenthaler.
Now it's called Canva.
And we raised our Series C from Menlo Ventures.
Doug Carlyle at the time was a partner who retired since then, and he decided to fund us and gave us $25 million in December of 2013, and we paid it back in June of 2014.
He retired since then, but I think I put it in my LinkedIn.
They published a post.
This was like one of their highest IRR because, you know, when you return, when you do like three or four X, which that's what they did over the course of like six to eight months, it's like...
I think we were two founders and each of us had like, you know, between five to 10% of the company.
You know, I think our employees also did very well.
And, you know, I think it's all about how do you distribute the equity with your employees.
And by the way, one of the things you learn when you sell a company is that at some point in time, it becomes too late.
You can't reverse this decision.