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Daniel Wickberg

๐Ÿ‘ค Speaker
139 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

And I think that kind of helped us in the short term to survive, but it also kind of slowed down our scalability.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

So it took us a while to kind of get the guts to decide what we wanted to focus on.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

Yeah, so we did a secondary, a pre-IPO, which was around $4 to $5 million.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

And then in the IPO, we raised around $3 million.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

But we never actually used that money because we had a debt.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

We did a kind of refinancing a couple of years before.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

So it's kind of, we raised money, but we kind of still always been bootstrapped.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

I had around 75% ownership back then.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

I wanted to be a little bit more aggressive and focus a little bit more on growing the business and a little less on being super profitable every month.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

So I wanted to take some cash off the table.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

So I sold 10% in the pre-IPO.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

And I had a partner, our former CEO, who was CEO for almost five years.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

He had 7% or 8%.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

So the total was like 18% that was sold in the pre-IPO.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

No, I mean, we both sold shares in the secondary round in the pre-IPO.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

No, that was absolutely the right move because the story was, as I said, the early years are really hard.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

So in 2012, I felt like I needed a break.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

So that's when Johan, the former CEO, he became CEO, was the CEO for five years.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

And, you know, the plan back then was to sell the business, but that didn't really happen.

SaaS Interviews with CEOs, Startups, Founders
He just hit $12m in ARR. Took 7 years to hit $1m. Don't get discouraged!

And, you know, I started to kind of rediscover my motivation for the business.