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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

The small companies, they can kind of turn around and say, Hey, let's do this.

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

So we, so in exchange, we kind of cut them a little bit of slack.

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

And some of them who started off really early, they got a little bit of a deal.

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

I mean, to pay a little bit less, but now things are starting to normalize.

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

No, no, we're definitely burning capital.

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

Well, since what's so new, the actual sales side of our business, we have luckily, knock on wood, not lost any customers.

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

No, I think it's really hard to make any, I mean, I could guess at a lot of things, but I don't feel like it's really helpful.

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

We've looked at it.

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

You know, we've kind of, this is a great debate.

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

We've been going back and forth on this the entire time.

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

Do we do it now or do we keep on going with equity?

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

You know, with the people being high net worth individuals who are investing, we've kind of chosen to kind of keep it simple and equity just seemed to be the simplest option.

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

It's a straight up common stock.

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

Yeah, I know.

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

It's a trade off.

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

It's got, you know, they're pro

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

ended up being the way that we ended up going where is there is there a point in time where you feel like it would make good sense for you to use venture debt or what do you not like about it yeah i think what we're going to do is uh probably look at doing that for the next round so we've finished up everything that we would consider seed this two million and then now we're looking probably doing a larger raise around may um that'll be more of a series a type race and for that we are considering doing a

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

That's a great question.

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

I actually would say that one of my favorite books is The Happiness Advantage.

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

I think it's a great book to read, yeah.