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Alex Schutman

๐Ÿ‘ค Speaker
230 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

You know, a lot of it, the way I think about going public is you're really just exchanging one set of owners for another set of owners.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

The next day you got to wake up and acquire customers and serve them and,

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

and be a great place to work and, you know, and all of that.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

So in my mind, much of the decision between whether we raise private or go public is, is really gets into the conversation with the current owners.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

How long would y'all like to be owners?

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

And, and that's the way that, that I look at it.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

At the end of the day, you got to build a great company.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

And when you build a great company, then you have lots of choices.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

You have choices with people wanting to give you money privately or people wanting to give you money publicly.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

So I know it sounds like a politically correct answer, but truly that's what we're focused on is just build a great company.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

And, um, and, and the great thing when you build a great company is you get to have both choices.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

Uh, you know, I really don't know if we will or not.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

Um, uh, we don't have to, and that's what I said, the

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

The best thing is when you don't have to.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

Optionality.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

As you stated, if we're between 120 and 200 and we've raised less money than that and we're cash flow neutral and we're growing fast, then we get options.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

Our thing is, as I've told the company, going public is fantastic.

SaaS Interviews with CEOs, Startups, Founders
922 SaaS: Is $120m ARR Workfront About to IPO?

I've been able to be part of that before.