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Paul Powers

๐Ÿ‘ค Speaker
180 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

We started off kind of a semi bootstrap at the beginning where it was kind of an experiment, but then we raised a little bit.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

Then when the technology started working, we started, we raised money and we've actually raised about $2 million today.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

All of that's been with high net worth individuals who are, you know, just privately invested together.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

I wouldn't say that Ohio is necessarily any stronger or weaker than the average state.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

What it is is that you meet somebody, they really like it, they invest, and they talk to their friends who co-invest with them on other things.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

And then they talk to their friends, and it grows naturally.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

As long as your company is doing well and picking up traction, that can happen.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

That's kind of what we've been going through.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

Also, a lot of the investors have reinvested.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

So up until end of August this year, we were primarily focused on proving out all the different software applications that we had switched from IP protection to engineering.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

So we had all these companies switch over, test it, test it, make sure we can integrate it.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

And then also we were going through with some very, very large companies, some of the largest companies in aerospace.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

etc., manufacturing metal devices and whatnot.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

We were working with them on proving out the concept, going through one layer at a time, and working our way up to the C-level in each of those companies.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

To do that, we said we were primarily focused on not adding on too many smaller customers at the time because our concern was, since we were so small, our support staff was our development staff.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

And so we said, let's think long-term here.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

So we didn't, uh, we wouldn't allow any more.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

We kind of cut, we kind of kept the lead list quiet.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

We kind of said, we're not going to be trying to actively sell to too many of these people until after that happens.

SaaS Interviews with CEOs, Startups, Founders
1672 How This Lawyer Pivoted from IP Protection to CAD Editing with NASA

And then after, uh, August and September, we started, we said, okay, now we can open up the channels.