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Lonnie

๐Ÿ‘ค Speaker
163 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

And just with the makeup, the more money we were taking on, of course, dilution was starting to happen.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

You know, I think that at that time, just with the investments that were coming in, there was a lot of protection of those investments.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

And there was some equity that was being rolled out, but not to the point or level that you guys had recommended in an effort to raise the capital with you.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

And so there definitely was a push from the leadership team.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

I think we just had some level of protection from the board at that time and saying, hey, let's take everything we've done here and invest it and let's move forward and let's really get this thing going.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

And so I think there was just a delay.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

I don't believe it was ever, we don't want to give more.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

It's just, now that we're on the playing field, you've got the equity, let's see how you play.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

I think that was pretty much the deal during that time.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

And Nathan, I think to the question too, later on, I'd say in the last three years,

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

I remember one of the meetings I had specifically with one of our investors and, you know, the tone was now changing into what do we need?

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

Who do you need?

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

Who do we need to make sure, you know, is still flying the plane?

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

Um, so we had those conversations, obviously Andy was at the top of that list and we had a couple of other people.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

Um, and so we, you know, there was an openness to it and with both of our lead investors, actually, they were saying, okay, we've done a lot of work, you know, and we've made some progress clearly on the profitability side.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

We've made some significant process, but now how do we take this to the next level?

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

And so you came in, you know, sometime after that.

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

So I think the appetite was open even more, and we were talking about percentages and

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

You know, what could we do for Andy?

SaaS Interviews with CEOs, Startups, Founders
Founder Raises $750k From Founderpath and Increases Equity. CEO Shares how Founderpath Worked for Him.

And you came in and blew that out of the water in a positive way for us, I think.