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Blake Smith

๐Ÿ‘ค Speaker
331 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

Welcome to the Midwest of entrepreneurship.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

That's really good.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

Yeah, the Midwest is literally in tranches of a half million or 300,000 at a time, unfortunately.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

We actually just moved out to Mountain View, California.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

And so we're trying to kind of enter into a new stage where we're trying to raise in larger tranches rather than kind of stringing it along.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

Uh, no, I started actually with three other founders.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

So I have one, one founder remaining.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

Uh, my good friend, Chris Merchick is the head of the fashion side of the business.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

That was not my expertise.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

Yeah, I'd say with one of my co-founders, my closest co-founder, Tim Brunk, who's still actually a close friend and he served on the board, we just realized that we both were made to lead companies and you can't really have two head leaders in a company.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

So I think we kind of realized like, Hey, I didn't sign up to work for you.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

You didn't sign up to work for me.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

And so we left on really good terms.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

And actually he and I, we talk multiple times a week now, so we're still good friends.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

And then the other was just an early on one where it was, it was our head of technology and he just got snagged by a great company.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

Yeah, we've always done investing schedules.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

um honestly it just seemed like the thing to do when you started like i feel like everybody kind of had the entrepreneurship bug and so it seemed like everybody was raising capital and so sadly that was as much thought as went into it at the time um if i could do it over again i would have started bootstrapping when was it uh was the 1.8 all in one round was it a seed round and was it a note

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

No, it was in chunks of like, we started with 300,000 friends and family and then a half million.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

And then I did another half million.

SaaS Interviews with CEOs, Startups, Founders
EP 348: 11,500 Paying Him To Manage One-Piece Wardrobe with Blake Smith

Yeah, there was the first one was the friends and family.