David Eckstein
๐ค SpeakerAppearances Over Time
Podcast Appearances
So I'm the CFO.
You know, I get to make the capital decisions for the business and
You can raise money and you can spend that money.
Or you can raise money and have intentionality.
We just raised our $550 million Series D round.
We had $1.2 billion of interest and that $550 million could easily have been more.
But that doesn't mean we're going to spend it.
We have metrics that we follow that means that we're going to continue investing in things that yield the highest ROI.
We have marketing ROI metrics that we have to hit.
We have payback periods that we have to hit.
We have cash burn ratios that we have to hit.
And we don't lower those standards just because we have more money in the bank.
For us, it actually raises the bar in terms of expectations because we now have more options that we can play.
We can invest in the U.S.
market.
We can invest in the U.K., the European market, the Australian market, the Singaporean market.
And we can just play on more fronts now.
And so as we scale this year from 300 headcount to 900 headcount, those are the most important investments to make.
We have to invest in our talent density.
The greatest asset we have are our Ligurians.