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Jason Hsiao

๐Ÿ‘ค Speaker
262 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

So we raised...

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

um, basically kind of like, I guess what we call a family and friends round, but all our kind of friends and family in the Seattle area, we hit them up for checks of like 25,000 and $50,000.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

And we're like, you probably will not see this money back, but if you love us, give us this money and, you know, help us, uh, chase our dreams.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

So we gave ourselves a year and that we basically raised enough to kind of like, how much did you raise?

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

We raised a, it was a few hundred thousand dollars.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

It was basically just enough for us to pay rent and,

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

and feed ourselves kind of like minimal food and get by for a year.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

This was before.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

This was before.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Well, no, we had actually gotten that early around.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

We had actually, luckily we had already kind of gotten going with the family and friends round.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Um, and then, yeah, we were actually about to raise kind of our first serious round, like literally the day, the week of that, where everything kind of like everything crashed and

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Sequoia posted their rest in peace, you know, memo or whatever it was.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

And we were like sitting in waiting rooms at Sequoia and other places and then everything fell apart.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

So we kind of had to kind of step back and kind of figure out what we wanted to do.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

And then we launched our website in 2007.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Uh, well, if you're, if you count kind of like the salaries and everything that we kind of give, it was probably like, we probably put in a few hundred thousand dollars to three and $300,000 in total kind of our collective efforts and opportunity costs and the like that.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Well, we got.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

We got kind of lucky somehow when we launched.

SaaS Interviews with CEOs, Startups, Founders
Video Platform Animoto up 20% YoY with $30m in Revenue, Will Canva Acquire For $300m?

Honestly, we're total product and technology nerds.