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Paul Tashima

๐Ÿ‘ค Speaker
172 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

So how much have you raised?

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

So today we've raised just a little over $7 million U.S., and we have put some of our own money in, but it is a good way to test the business to see if you can go raise money.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

Even as second-time entrepreneurs, it's still a good way to test the business.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

I don't think they ever come with that objection.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

They actually want to be part of the second one.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

So they're actually looking at it as an opportunity to de-risk another investment with entrepreneurs who've done it before.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

I think, to be fair, probably the question they may ask is, how do we know you have fire in the belly anymore?

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

Yeah, and so that's all up to you as an entrepreneur to prove to them you still have passion.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

I mean, we could have...

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

we could have retired if they're staying at Oracle for four years, probably, but instead we're going to go back at it and, um, we want to do something big and we explain why and our passion for it.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

And I think they, that's why they buy into it.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

I love that.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

Okay.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

So, and what year was that?

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

So we, we, we didn't do the, uh, the VC financing round until 2015.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

Sorry.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

I meant, when did you, when did you, when did you launch the company?

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

Oh, well, we started coding probably back in late 2014, but we didn't come out with a product.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

It was a pretty long build for about two years till we came up with something that we thought people could play around with.

SaaS Interviews with CEOs, Startups, Founders
1143 Eloqua Founders Launch New Relationship Tool, $600k ARR first 5 Months, $7m Raised

So we only launched the commercial product around four months ago, five months ago.