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Phil Reynolds

๐Ÿ‘ค Speaker
221 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Devstride is all about orchestrating complex portfolios in agile teams doing really complicated work and

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

those enterprise customers need enterprise features.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

And it's just really difficult to build that with two or three people bootstrapped in a garage somewhere.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

You need real professionals with real resources, real access to customers.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

And so it was just unlocking all of that made a huge difference.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Yeah.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

So when Brightcore raised that money, it was one of those, hey, we see winter coming and we know that it's going to be a while.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

So let's go ahead and capitalize now and make everything stabilize the company so we can weather this storm.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

And all the indicators I'm sure everyone else has talked about on your show.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

We were seeing those same things.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Yeah.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

And that was the one that was at the 180 post, right?

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

That was actually the series C round, which is different.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

The 180 post was a series B round.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

And that was only 18 months after a 60 million valuation or series A. So we tripled our valuation in an 18 month window there.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

Yeah.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

So I left between B and C. I wasn't at the helm right at the tail end there.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

So C closed a couple of months after I exited the company.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

It was my cousin.

SaaS Interviews with CEOs, Startups, Founders
How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week

It was my cousin Chris Reynolds.