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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

Towards the end of that year, we then got interest from about four inbound folks that we had built relationships over the last several years on the strategic side.

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

And I had went to the board and said, look, I think that we've got, again, a pretty immature product.

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

We're going to have to raise a ton more money.

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

And this is going to take us a long time in the markets, getting more and more competitive.

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

And so we made the decision.

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

IT'S A LONGER CONVERSATION SO I WON'T GO INTO NOW BUT MADE THE DECISION AND THE BOARD AGREED AND THEN WE WERE ACQUIRED IN ABOUT EIGHT MONTHS LATER ABOUT AN EIGHT MONTH PROCESS OF GOING THROUGH THAT SO

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

This was kind of the crossing the chasm when we raised the money.

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

Again, we had probably four different businesses because of the way that we had built the product.

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

We were in the broker market, we were in the PEO market, we were in the carrier market, and we had a data business.

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

So we cut off three or four of those and focused exclusively on just the carrier market.

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

Um, and it was a really, really scary time.

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

So, um, over the last minutes, uh, 20 minutes talked about making bets and pivoting early on, just following, uh, where the market is leading.

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

We didn't know at the time what our product market fit was, and we had to shift that several times.

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

Um, to me, kind of culture and authenticity is super important.

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

And so whatever that is for you, we spend a lot of time on building culture and I think it's super important.

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

Um, it can be cliche, but I think relationships are critical.

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

Um, in, in terms of for us, it was a relationship at every stage that either helped us get a customer, help us to get funding, helped us to be able to figure out how to build our product.

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

Um, and then we've got folks that had been on the path we had gone to.

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

So we went to companies that we wanted to imitate and brought them on either to our board and as advisors ended up often hiring advisors as employees that were super helpful and had the roadmap and how to grow.

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

Um,