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Kathryn Minshew

๐Ÿ‘ค Speaker
289 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

Anytime you're talking about equity, it's not something I would do for fun ever.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

But at the same time, you know, we both we both came to it with we want to work together.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

We want to make this happen.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

We want to get somewhere that feels safe.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

fair to both of us, and it was never going to feel perfect to both of us, right?

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

But it needs to feel tolerable to both of us.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

And so it's close to being even, but there was small differences based on, again, how much risk, how long each of us had been sort of without another full-time job, because we left our roles at different times.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

And I think we got to a place that we felt pretty good about.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

Yeah.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

So we raised, gosh, we raised about 100K in January of 2012.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

Plus we got into Y Combinator.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

So that came with about $170,000.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

That was our first seed funding.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

It was very hard won.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

We ended up over the last couple of years raising over $28 million.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

So we've had a little better luck with fundraising.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

But the sort of first three and a half years of the Muse's life were

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

were pretty lean.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

It was seed funding, bootstrapping, making revenue here and there, our product we've charged for for employers from the very beginning, because we didn't feel like we had a choice to go with a freemium model.

SaaS Interviews with CEOs, Startups, Founders
702: With $5k Left in Her Bank TheMuse Was Launched, 50m Visit Annually and 600 Companies Pay

That said, we always wanted it to be free to individual users, so that was really important to us.