Art Papas
👤 SpeakerAppearances Over Time
Podcast Appearances
We should probably get incorporated and all that.
So yeah, so it was a good trio.
Roger was like a COO slash CFO.
Barry was like
super salesperson.
And then I was really the product lead and really did most of the coding up until we had revenue.
Okay.
Blew all the angel money, like blew all the angel money on the first marketplace idea.
Yeah, worse.
Then we raised like nine months in, we raised $4 million series A, which was promptly blown on the original marketplace idea.
Yeah, it was like 30% of the company.
It ended up being like 60 because we had to do a down round.
So we pivoted with about a million dollars left in the bank and dramatically cut our expenses.
And then we got our first dollar revenue and we went to our investors and we're like, we actually have revenue.
And they were like, how big can software to the staffing industry be?
That business sucks.
We are not investors.
And not only that, if you raise money,
we have an anti-dilution clause and a full ratchet.
You said it.