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David Abakhnikov

๐Ÿ‘ค Speaker
152 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

We know we can scale it a lot more.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

Now, are you as an investor going to bring us value as a strategic investor or like to your connections or your knowledge and so on?

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

Because if it's just capital, we don't need you.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

And that negotiation is so much more powerful.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

Especially if you look at the last three years, I know a lot of entrepreneurs who lost their companies or who failed or had to do a down round because they didn't hit their projections or whatever.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

We never worried about any of this.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

This is such an amazing place to be.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

Well, uh, yeah, so I did a lot of research.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

I looked at, I think at all the competitors, um, and.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

I am comfortable showing that initially we went with Capchase before FounderPath existed, I think, or when it was just starting.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

And I think working with FounderPath and with you and your team was...

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

It's so much more comfortable and it's kind of such a much more open communication.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

And on top of that, FounderPath gives a lot of additional value, like SaaS open, like all the things around.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

It doesn't feel like working with a banker, right?

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

Because it's not.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

I mean, you have the proper fintech suit, right?

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

All right.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

So we're already very good when we need, you know, to do very wide campaigns when like anybody can apply and that's it.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

The thing is that on those campaigns, when you have 50,000 applicants to a specific scholarship campaign, the chance of the student winning that is one out of 50,000.

SaaS Interviews with CEOs, Startups, Founders
How Bootstrapper Made $6m Last year Using New Self-Funding Method

Chances are very small.