Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Francisco Larrain

๐Ÿ‘ค Speaker
125 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

What are the products that are selling quicker?

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

How many interactions you need for those products to work?

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

And also to measure the effectiveness of the reps and what they can like instill in their organization to make them more efficient.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

So, you know, you're going to be able to find out

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

Which keywords are the ones who are sending products better and what interactions and everything and like put that into a process so the company can become more data driven.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

You want me to tell you the numbers?

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

Oh, equity.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

It was a seat round, a formal seat round.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

We have the pleasure of having really, really good guys like Joe Lonsdale from ATC, who was a previous investor and a very successful investor.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

company called relate iq that was acquired by salesforce then we have really capital which are kind of like top finding fintech and eric schmidt like chipped in again because we made the money the last time and andrew mason the founder of ceo of groupon and frankly why the founder of kriteo which is like really good expert on machine learning a slack fund

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

which are trying to boost their ecosystem.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

We're very Slack-based.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

And Storm Ventures, an amazing name in enterprise as well.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

Okay, so it was just super easy because I had a really good exit last time.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

The first time that I tried to raise money, I got 42 no's until I got one yes.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

This time, essentially, we had one investor passing.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

So out of all the people we pitched, everyone chipped in.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

And I think at seed, it's very easy.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

It's proven that people who have had exits before, the probability that they're successful is way higher.

SaaS Interviews with CEOs, Startups, Founders
EP 555: Sudo.ai Raises $2.3M at $10.3M Post Money Valuation to Fix CRM Space with CEo Francisco Larrain

And, you know, statistically, so it was way easier to get people, especially people like that.