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Nathan Latka

๐Ÿ‘ค Speaker
223533 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.

which, you know, maybe they deserve it, maybe they don't.

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

That's besides the point.

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

But you guys have only said really great things about the founding team.

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

There was never anything negative mentioned, just the fact that diverging priorities.

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

Talk a little bit about sort of how the company ended up with so much sort of equity, non-operational sort of outside the business and why that happened.

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

What was Tom?

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

He was the CFO?

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

CRO.

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

CRO.

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

CRO.

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

Yeah.

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

Well, yeah.

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

And we appreciate, I appreciate you guys talking so openly about this.

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

You know, Lonnie, you sit on a lot of boards.

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

We diligence a lot of companies and this happens like literally 90, 95% of the time is there's some kind of co-founder conflict like this.

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

And there's a variety of ways to solve it, right?

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

You could pay cash to buy out on, you know, and this is, this is all, this could also be early angels, right?

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

or you know just non-operational equity you could raise money to then go buy out those and do a secondary you could re-establish a new esop pool with board approval that effectively dilutes the whole business and then gives more incentive to go forward management lonnie have you seen any other effective strategies to incentivize go forward management when there's a big chunk of unoperational equity

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

Let's wrap up guys, the last three minutes here with just sort of the founder path experience.

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

So are you guys comfortable sharing what deal we ended up doing together, the amount and maybe, you know, the term or whatever you're comfortable sharing, Andy?