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Leif Abraham

๐Ÿ‘ค Speaker
142 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

I used...

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

my small business accounting software, like a FreshBooks or QuickBooks or something.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And that's kind of how they created their workflow a little bit, you know, and like kind of using like Zapier to stitch everything together in a way.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And that's kind of what was kind of like this like epiphany moment of, you know, why is there not this place where I can just sign up and be freelance and also just a tool that's specifically designed for the workflow of freelancers.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And it's really just starting with solving the issue for myself, for ourselves.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

I did it together with my co-founder, Martin, who had the same issue at the time.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

between New York and then Argentina, Portugal, Australia.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

Yeah, we raised close to $5 million altogether.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

It was all equity.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

The last raise was from existing investors, so there was Thrive and the other existing investors.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

That was in 2017.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

Um, obviously I think that's a, in general, that's, that's entire process is obviously exhausting.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

Number one, that's the first one.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

But I think the other, I know that I want to sell, right.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And the reasons for you as a founder will always be different than the reason for investors, for example.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And there might be difference for even, you know, um, like how employees think about it.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And so for us, it was really the sense of we basically really communicated to the team that it's happening when it was really clear that it's happening.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

They obviously knew that we had talks and whatnot because it was a small team at the time, and specifically the ones who were in New York were definitely aware that we had these talks, right?

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And we had to fly to Tel Aviv for a five-hour space and whatnot.

SaaS Interviews with CEOs, Startups, Founders
1740 $5m Raised and $600k ARR When Fiverr Acquired, Did Common Holders See Any Cash?

And so people were aware, but I think it's also very important for you as a founder to make sure to not