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David Eckstein

๐Ÿ‘ค Speaker
287 total appearances

Appearances Over Time

Podcast Appearances

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

So I'm the CFO.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

You know, I get to make the capital decisions for the business and

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

You can raise money and you can spend that money.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

Or you can raise money and have intentionality.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We just raised our $550 million Series D round.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We had $1.2 billion of interest and that $550 million could easily have been more.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

But that doesn't mean we're going to spend it.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We have metrics that we follow that means that we're going to continue investing in things that yield the highest ROI.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We have marketing ROI metrics that we have to hit.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We have payback periods that we have to hit.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We have cash burn ratios that we have to hit.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And we don't lower those standards just because we have more money in the bank.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

For us, it actually raises the bar in terms of expectations because we now have more options that we can play.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We can invest in the U.S.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

market.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We can invest in the U.K., the European market, the Australian market, the Singaporean market.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And we can just play on more fronts now.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

And so as we scale this year from 300 headcount to 900 headcount, those are the most important investments to make.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

We have to invest in our talent density.

How I Invest with David Weisburd
E339: From Zero to $100 Million in 18 Months: Inside Legora

The greatest asset we have are our Ligurians.