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Michael Litt

๐Ÿ‘ค Speaker
457 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

Uh, it's, uh, you know, it's something that will consume your life, but it is an adventure and it's worth pursuing.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

So, you know, Michael, do you guys celebrate listeners of the podcast to really push for it?

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

Uh, we have a holiday party as is, you know, uh, modern to the point, but, uh, I grew up celebrating Christmas.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

And so, you know, for us, for, for Devin, my co-founder and I,

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

Project Christmas is a very meaningful thing that we always reflect on.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

And interestingly enough, that period of time is always a big time for us.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

We raised our Series A just before Christmas.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

It literally closed on Christmas Eve.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

Our Series B also closed on Christmas Eve.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

And our Series C, interestingly enough, closed...

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

on January 4th, which is after Christmas, which really sucked because we were sitting on pins and needles and obviously the economy and the public markets were doing really crazy stuff during that time.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

And so that period of time, you know, which is another kind of key lesson learned is if you're raising money, doing it in the fall is a really great period of time because investors think on an annual basis, they have a certain amount of deals they want to do.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

And if they haven't done deals, they want to get them done before the new year.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

Exactly.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

And it's either fall or spring.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

In the summertime, don't even bother.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

Investors just are not writing checks.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

I'm on Twitter.

SaaS Interviews with CEOs, Startups, Founders
EP 414: $70M Raised, $30k ACV, SaaS Success VidYard

I'm on Instagram.