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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

And then we raised a $10 million Series A in spring of 2015, and then a $16 million Series B last spring slash summer.

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

Well, luckily, when you're in a business that makes a lot of money, you don't quite have to burn so fast as companies that rely on investors to keep them afloat.

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're in great shape.

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

No, but we've been at sort of closer or farther at various points.

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

And we have a fair amount of control based on how fast we want to grow, what we want to invest in, whether we want to let that gap get further or narrower.

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 that, again, there's lots of different ways.

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

Yes, exactly.

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

And there's lots of different ways to build a business.

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

So I'm kind of skeptical of people who claim to have found the one true path.

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

But I think for us, it's been really helpful to structure the business in such a way that our customers pay for a fair point of our growth, and we can use venture capital really to accelerate, not to support.

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

600 active on annual subscriptions.

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

Yeah, so companies that have stopped, sometimes they go out of business.

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

We actually, we joke that we should, we would never do this by the way, but we joke that we basically know sometimes when somebody's getting acquired.

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

We didn't realize this pattern at the beginning, but we will regularly have companies, especially again, tech companies, up and coming companies, that will suddenly email out of the blue.

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

We think that they're very happy and they'll email out of the blue and say, I need my profile to come down.

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

And we used to just freak out because we thought,

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

And inevitably, you know, four to 12 weeks later, they get acquired.

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's the reason we also, in fairness, because the, because the way that's valuable information, if you're an investor.

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

I know.

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

That's why I was joking.