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Mitch Thrower

๐Ÿ‘ค Speaker
199 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

So maybe in a future interview, because I know how important that is.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

But I will share with you some context around rolling raises for founders.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

One of the interesting things that I suggest for people that are out there raising capital

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

is to make sure to authorize more than you may actually need and allow yourself to raise additional capital if you need it on the same terms of that round, should you need to.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

And if you do a rolling raise, the difference is if you're raising capital and let's say raising 10 million, you may only be able to use that 10 million when you get it to 10 million.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

If you do a rolling raise, you get the first million, you can use it and grow and invest.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

The second million, use it and grow and invest higher

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

more engineers, more engineers, you know?

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

And so that's the baseline of kind of a rolling close, which I would encourage entrepreneurs to follow.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

It allows them to, you know, the dog years, right?

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

You know, tech is dog years.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

Things are moving really fast in technology.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

So you want to move really fast as well.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

Yeah, I mean, I'll take you through the combined entities.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

So combined entities were for 19, about 16.8.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

Okay.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

And we were- 1.6, right?

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

1.6?

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

Yeah, 16.8 million.

SaaS Interviews with CEOs, Startups, Founders
Events.com Should Have Been Hopin, Can They Acquire Their Way Back To Top?

And then if you look at 2020, pre-COVID, both contracted and otherwise referring revenues