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Matt Prados

๐Ÿ‘ค Speaker
294 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Yeah.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

So we sent this out, uh, the beginning of summer, which, uh, note, take the note, don't ever try to raise during summer.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Everybody's on vacation.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Nobody wants to like make meetings and stuff.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

So it's very hard to get VC firms to do anything during that time.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

But, uh, yeah, no, we sent it out to everybody who basically reached out ever to us to just get some feedback, see what the deal was.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Uh, that was, you know, probably 40 different firms.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Uh, from that, we ended up in 30 different, uh, conversations.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

And, uh, from that, we got down to like three, um,

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

basic term sheets and then we actually signed one and started letting them do diligence to see what would happen.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

And I ended up kind of like not liking them, kind of pulling back a bit.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Yeah.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Yeah.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

I mean, at the end of the day, there's lots of money out there, but it's like, who's giving you the money and what else are they giving you besides money?

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

And funny enough, they gave me some references of people they did deals with.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

And so I called them and one of them was like, dude, just so you know, they're only money.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

I was like, wow, this is their reference.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

That wasn't very good for them.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

But so, you know, if I'm going to bring somebody on and they're going to get to take this ride from 10 to 50 million with us over the next couple of years, I want somebody who's going to contribute more than just the money because, you know, I don't need the money right now.

SaaS Interviews with CEOs, Startups, Founders
$100m Deck Builder: Bootstrapped to $100M Valuation

Yeah.