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Matthew Prince

๐Ÿ‘ค Speaker
See mentions of this person in podcasts
608 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

But one of the things that I think that we've always done is we don't talk a lot about the money that we raise or anything else.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

So every round that we've done, we've kept secret for at least nine months after we did it.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

So the round that we raised in December of 2014,

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

We actually announced finally in September of 2015.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

So it's, you know, I think that raising money is sort of a necessary part often of building a business like Cloudflare, but it's not necessarily something to be proud of.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

It just means that you didn't actually generate enough revenue yourself to cover the costs that you had.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

And so, you know, I wish that more people would focus on

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

you know, how, how quickly you've gotten to sort of break even, how quickly have you actually ramped kind of your revenue rates?

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

Um, cause that's, that's what really matters for, for a business.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

So we're growing still high double digits, um, at, at the, at the rate that we're at, which is, uh, which is really, really, really, um, you know, amazing.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

Yeah, we certainly weren't considering going public in 2017.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

And I think that what we're really proud of is that we've built a real business that can be a standalone, sustained business.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

And, you know, we run the business at basically breakeven value.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

uh, today.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

And, uh, I think that as you get to a certain size, whether you're public or not public, you have a responsibility to run your business as if it is a public company.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

And so making sure that you have the controls in place, that you're doing the right, the right auditing, the right other systems.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

And so those are things that there's a lot of bullshit though.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

So I'd push back on that.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

I think that there are reasons that you have rules.

SaaS Interviews with CEOs, Startups, Founders
1331 How CloudFlare Broke $100m in ARR Securing The Internet, No $2.5B Amazon Acquisition

And if you're taking people's money and if you're taking people's time, especially, and trading that for equity in the company, then it's really important that you make sure that you're actually putting in place the systems and controls to run that business responsibly.