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Pini Yakuel

๐Ÿ‘ค Speaker
192 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

But probably, with the bootstrap state of mind, I would... Yeah, that makes sense.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

You...

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

It's more of a survival.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

You never know.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

You want to prepare for a rainy day.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

So even if you have some extra funds, you keep them and you handle yourself differently.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

So it's a mind... Still, I'm not pre-hiring like crazy and I'm not changing my philosophy because of the fact that I've raised money.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

But I'm trying to always open my mind and listen to the investors and to best practices and see if it's a good fit for Optimove.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

But...

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

And that's the story.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

I would say we're good with a year.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

Yeah, I think before that we were, you know, we had like amazing CAC to LTV ratios because we got a ton of business word of mouth.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

So for many, many years, we've got like with very limited marketing investment, we got very strong, you know, business.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

However, as you scale and as you grow, we came to the U.S.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

like two years ago, slightly less than that, like one year, nine months ago, I moved here to New York.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

I'm in New York right now and I moved here and started the office.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

We have 20 people in the office here in New York today.

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

And obviously when you go into new markets, then it's more expensive at the beginning, right?

SaaS Interviews with CEOs, Startups, Founders
1066 Optimove CEO: "Conditions Were Right To Stop Bootstrapping w/ $20m Raise"

There's a diminishing return.