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Nathan Latka

๐Ÿ‘ค Speaker
223769 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

Can you put all that in a bundle for me?

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

So across all those markets you just described, how many customers are you serving today?

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

That's great.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

Now, talk to me, the original funding here, I think you did a 10 million Series A back in 2015, and then a 16 million Series B in 2017.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

Were both those rounds totally pre-revenue or was a Series B raised after your first customer came in?

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

I see.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

I guess the question I have is a lot of second time, third time founders will listen to the show.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

And I always wonder, someone that has a $400 million exit, if you want to

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

you know swing for the fences go build a massive company you want to try and own as much as you can well you know why use 10 million dollars of other people's money there for your series a in 2015 instead of just you know saying you know i want to own 100 keep as much as i possibly can and then scale this thing

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

I mean, Ben, one of the things, though, is about raising capital is using your island now.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

The waves are crashing harder, right?

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

Whether it's Grey Coff and Spark coming in your series A or North Zone in your series B, they have a growth expectation which can limit your optionality into the future.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

You've got to accelerate speed.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

These guys are expecting 100%, especially in the early days, maybe 200%, 300% year-over-year growth.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

You manage an average of 40% year-over-year growth.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

The expectations there are not aligned.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

How do you create alignment?

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

60% today comes from Europe because of the laws over there.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

Mm hmm.

SaaS Interviews with CEOs, Startups, Founders
Sourcepoint Hits 500 Customers for Data Privacy Product, Will "definitely hit $50m in 2024"

And then I guess Ben, take me back that series a most folks now look at 2015.