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Jason Andrew

๐Ÿ‘ค Speaker
320 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

All right.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

Uh, good afternoon.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

Good to see everybody.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

Hopefully you got some lunch, some good food there.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

Um, and I did want to start by just, uh, thanking Nathan for the invite and cool event, uh, having some really good conversations and also congrats on the $145 million raise.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

It was awesome.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

Um, so my name is Jason Andrew.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

I was in Silicon Valley for about 20 years.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

I'm in Eugene, Oregon now.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

And, uh, I started limelight health with the three co-founders in 2014.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

Uh, we were, uh, uh,

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

Started out as a multi-carrier quoting system for insurance brokers in life and health space I'd been the insurance industry for now about 22 years and so When we started the company we were you know grew it for about six and a half years and we were acquired in August of 2020 and then I was at Phineas For the last two years on an earn out and just left two months ago And so now I'm trying to figure out what I'm gonna do when I grow up if you have any ideas.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

I'm open to conversations So just trying to figure that out

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

Okay, so today I'm going to talk about how we pivoted multiple times to about a $93 million exit.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

I'm really enjoying the bootstrap mindset here.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

So full disclosure, we raised about $44 million over four rounds of funding.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

So all the pitfalls and challenges that have been discussed all day around taking venture, we went through a lot of those.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

But it was a meaningful exit for our founders and employees and investors.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

And so we're really thankful for that as well.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

So over the next 20 minutes, we're going to talk about what we did to get our first million and kind of some of the ways we went about that, how we found product market fit, which actually took us about probably six years almost till we sold the company, actually figured out product market fit.

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