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Eran Zinman

๐Ÿ‘ค Speaker
1967 total appearances

Appearances Over Time

Podcast Appearances

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

So actually here, I give a lot of credit to our board members. Specifically, you mentioned Avi. I would say the typical investor seeing that a company spent 80% of their seed round and didn't reach like product market fit, maybe would kind of give up on the company or send that company to do like a round A and try their luck outside.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

So actually here, I give a lot of credit to our board members. Specifically, you mentioned Avi. I would say the typical investor seeing that a company spent 80% of their seed round and didn't reach like product market fit, maybe would kind of give up on the company or send that company to do like a round A and try their luck outside.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

But, you know, something I give Avi from Entrez Capital a lot of credit. He saw the potential. He told us, I'll never forget this. I believe in you guys, even though I don't know why, but I believe in you guys. Don't do an A round. Just go out. I'll give you the money. Let's do a convertible. Just scale what you're building.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

But, you know, something I give Avi from Entrez Capital a lot of credit. He saw the potential. He told us, I'll never forget this. I believe in you guys, even though I don't know why, but I believe in you guys. Don't do an A round. Just go out. I'll give you the money. Let's do a convertible. Just scale what you're building.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

But, you know, something I give Avi from Entrez Capital a lot of credit. He saw the potential. He told us, I'll never forget this. I believe in you guys, even though I don't know why, but I believe in you guys. Don't do an A round. Just go out. I'll give you the money. Let's do a convertible. Just scale what you're building.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

I think this was a pivotal moment for the company because if we would go and try to raise funds, you know, it's a long process, especially when you don't have momentum. Maybe the company wouldn't be what it is today, but because he gave us this runway, I think it really helped us kind of leverage the momentum we already had.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

I think this was a pivotal moment for the company because if we would go and try to raise funds, you know, it's a long process, especially when you don't have momentum. Maybe the company wouldn't be what it is today, but because he gave us this runway, I think it really helped us kind of leverage the momentum we already had.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

I think this was a pivotal moment for the company because if we would go and try to raise funds, you know, it's a long process, especially when you don't have momentum. Maybe the company wouldn't be what it is today, but because he gave us this runway, I think it really helped us kind of leverage the momentum we already had.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

Yeah, so that's complicated. So we finished, we kind of ran out of money from the seed round. We actually, just to give you some data, we raised 1.4 million at, I think it was 2 million pre, that's back in the days. Good times. Yeah, for investors. 30% of the company. We got this convertible when we wanted to do the A round.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

Yeah, so that's complicated. So we finished, we kind of ran out of money from the seed round. We actually, just to give you some data, we raised 1.4 million at, I think it was 2 million pre, that's back in the days. Good times. Yeah, for investors. 30% of the company. We got this convertible when we wanted to do the A round.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

Yeah, so that's complicated. So we finished, we kind of ran out of money from the seed round. We actually, just to give you some data, we raised 1.4 million at, I think it was 2 million pre, that's back in the days. Good times. Yeah, for investors. 30% of the company. We got this convertible when we wanted to do the A round.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

Actually, our existing investors put the money in with the convertible to get us into an A round. I think it was still hard for us to raise funds back in the days because people didn't get the idea. Maybe we also didn't do a good job raising money with Roy and I. What did they not get about the idea? I always felt like this company is going to be a huge success.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

Actually, our existing investors put the money in with the convertible to get us into an A round. I think it was still hard for us to raise funds back in the days because people didn't get the idea. Maybe we also didn't do a good job raising money with Roy and I. What did they not get about the idea? I always felt like this company is going to be a huge success.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

Actually, our existing investors put the money in with the convertible to get us into an A round. I think it was still hard for us to raise funds back in the days because people didn't get the idea. Maybe we also didn't do a good job raising money with Roy and I. What did they not get about the idea? I always felt like this company is going to be a huge success.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

What they don't get, I didn't get it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

What they don't get, I didn't get it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

What they don't get, I didn't get it.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

Yeah, so this is great feedback. I always felt like, you know, it's all temporary, like eventually we'll go upmarket, eventually we'll sell to large enterprises. I always believed in our ability to execute and to change the company to kind of fit to the next stage. And maybe that's something we didn't communicate well enough to investors or didn't build our confidence around that.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

Yeah, so this is great feedback. I always felt like, you know, it's all temporary, like eventually we'll go upmarket, eventually we'll sell to large enterprises. I always believed in our ability to execute and to change the company to kind of fit to the next stage. And maybe that's something we didn't communicate well enough to investors or didn't build our confidence around that.

The Twenty Minute VC (20VC): Venture Capital | Startup Funding | The Pitch
20VC: Monday.com: Scaling from $6M to $120M in ARR in 3 Years | How Monday Have Built the Best Performance Marketing Engine in SaaS | Going Upmarket, International and Multi-Product; The Biggest Lessons and Mistakes with Eran Zinman

Yeah, so this is great feedback. I always felt like, you know, it's all temporary, like eventually we'll go upmarket, eventually we'll sell to large enterprises. I always believed in our ability to execute and to change the company to kind of fit to the next stage. And maybe that's something we didn't communicate well enough to investors or didn't build our confidence around that.