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

Fred Shilmover

๐Ÿ‘ค Speaker
167 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

We've got everybody there in Boston.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

Most everyone.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

We have a few remote folks who started with us here and for personal reasons moved and we mutually decided to continue working together.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

So we have a handful of those folks, but we've decided to co-locate the team.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

Yeah, really good question.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

And definitely, you know, there was a point in time there when we got a little bit over our skis in terms of

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

rate of growth.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

And ultimately, that responsibility lies with me.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

And, you know, of course, disappointing people is a really difficult decision.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

I never want to get that LinkedIn flag that says, you know, you're great at layoffs.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

That's not a skill I want to have.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

But at the same time, you know, part of our core values are treating, you know, I want this to be the best place any of our team has ever worked.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

I say that to people at every All Hands meetings.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

We've won

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

You know, every single year since founding, we've won Best Place to Work Award, and that extends to the people who are no longer here.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

So I think we treated people with a lot of respect and sort of made an adjustment there where

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

We were a little bit ahead of our skis, and eventually companies need to be profitable, and we've been really focusing on how do we grow the business in a sustainable manner.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

And I think the fact that we've been able to grow for this long without raising additional capital is probably a good external indicator of that.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

Yeah, I mean, I think it probably depends on your investors.

SaaS Interviews with CEOs, Startups, Founders
935 How to Reset After Raising $27m and Hiring Too Fast

If the investors are putting pressure on you to get their capital back, that certainly may be the case.