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Clate Mask

๐Ÿ‘ค Speaker
407 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

It's a very, very small, small percentage that get to a point where they're growing profitably.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

So.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

We made that decision.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

Now, when we made that decision, Nathan, it meant we don't have to go public.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

We don't have to raise more capital.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

We don't.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

So there may be a reason we want to do it, say, if we're going to acquire a company or if we're going to make a really important product investment in a in an upcoming year or something where we say, you know, we want to raise more capital to do that.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

But I'm you know, I'm really happy and pleased to tell you we don't have to raise more money.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

We're going to raise more money in terms of an IPO or in terms of public money or private money if we want to, because we have strategic things we're trying to do that help drive the mission of the company.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

Correct.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

I have been for about a year.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

Yeah, no, it's a great point.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

And by the way, our early employees had an opportunity to sell some of their options, some of their shares at the Bain round.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

How did you manage that?

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

Yeah, we made it possible for everybody that had options prior to raising venture capital.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

So for all those brave souls who took the leap before we had any financial backing whatsoever...

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

At the Series D, we gave them an opportunity to sell some shares.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

And I'm really proud of the fact that we had employees that took trips of a lifetime and bought a car and did different things because capitalism is awesome.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

I'm a great believer in conscious capitalism.

SaaS Interviews with CEOs, Startups, Founders
1037 Clate Mask on ICON, Infusionsoft IPO, Exit Strategy

To answer your question, yeah, you've got to have liquidity.