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Oren Zaslansky

๐Ÿ‘ค Speaker
299 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

So SoftBank was about half of the check in this round.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We had another $100 million come in on top of what SoftBank wrote.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

SoftBank wanted to write a much larger check, initially up to $300 million.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

And from a round construction standpoint, we managed that number down, I guess it would say, so that our other insiders could also continue to buy up and we could bring in new capital.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Everybody loves to see some new faces around the table.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

No, it was 215 was the size of the round.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

A little bit of liquidity to early folks, but only team members, not investors.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

No investors want it out.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

I can certainly say that.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Yeah, it's largely an issue of cogs.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

And we have to balance that all the time where, you know, every founder does, right?

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

As you think about, we call it the balance between fear and greed.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

And the key word there is balance.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

You know, there are times where you don't want to raise because you're very greedy.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

And there's times where you'll take every dollar thrown at you because you're fearful.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

As a founder, I've been in both of those situations and there's no shame.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

You've got to capitalize your business and make payroll.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

I think the key lies in the balance.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

Flock is going to be something gigantic.

SaaS Interviews with CEOs, Startups, Founders
FlockFreight Triples Revenue to $300m Last 10 Months, Raises $215m at $1.3b Post

We believe we can build a $50 billion, $100 billion revenue firm.