Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Amanda Parker

๐Ÿ‘ค Speaker
125 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

So we're doing our initial angel round now.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

Yeah, so I think with an angel round, it's really important to find people that you want to work with.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

So angel investors, you're married to them.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

Or any investor, really, you're married to them.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

So you have to find people that believe in your team is number one.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

Um, so especially at this kind of stage, like the product's likely going to change, your vision's likely going to change, but the team has to be awesome.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

So that's what you should be selling to the angels, um, and creating those relationships before you actually need the money.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

Um, because that's, that's what it is for, for angels is it's all about the relationship, all about the team and networking, uh, in order to get there.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

So, so a lot of, um, a lot of entrepreneurs tend to try to cold reach, um,

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

these angel investors, but the best thing to do is find other companies that they're connected in with and get an intro that way.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

Um, yes.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

Yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

Yeah, we're doing 500 K as well.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

Okay.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

No, it's a little bit more simple than that.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

So we're just doing a cap and no discount, no interest.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

We did, for our first angel, we gave her slightly better terms.

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

One, because we've known her and she brings an immense amount of value to the team and her name is...

SaaS Interviews with CEOs, Startups, Founders
EP 350: Toronto Based SaaS Doing $25k MRR with 10 Clients with Amanda Parker

a really strong indication of what we're doing in the market so we did give her slightly better terms but and that's another key piece to trying to get in on a lead is that there are some things that you can do to to help move them towards making that decision first because a lot of angels and a lot of investors tend to want to wait until the tail end of the round in order to get to the