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Godard Abel

๐Ÿ‘ค Speaker
1167 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

And really, it just wasn't selling at all.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

So it was a very painful time, and then we had to cut way back.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

I did several layoffs, went all the way down to 20 people.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

And it was also very depressing.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

I remember I just felt all this failure.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

Because my father, actually, I convinced him to become my first customer and investor.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

So I'm like, oh, I'm going to lose all my dad's money.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

I had recruited my friends from MIT, my best friends.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

I'm like, I'm going to ruin their careers.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

And we're going to go bankrupt.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

That's kind of what it felt like.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

So very hard time.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

But then I think in 2003, we kind of had our come to Jesus moment because my co-founder and I, Chris, we sat down.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

We're like, we have a million dollars left.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

We burned through 19.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

We only had a million dollars in revenue.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

And we're like, clearly, we're not going to raise any more money.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

And so it's either do we give the last million back and quit or do we keep going?

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

And ultimately, we did have about a dozen early manufacturing customers.

SaaS Interviews with CEOs, Startups, Founders
This Founder Built 3 SaaS Companies, hit $40m ARR 3 times. Here's how

They were having success.