Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Puroon Shahada

๐Ÿ‘ค Speaker
262 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

And we had to find a way to really kind of just, you know, come to terms with how will I actually bring that cap table to be unlocked.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

So I used debt and I used some of the, you know, crude capital to come up with a schedule to pay him off, pay the second investor off.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

And then actually went on to, you know, really kind of grow the product through the two rounds that I've done since.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

I'm going to walk you through that here.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

So first, you know,

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

First part of the presentation is about bootstrapping.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

The number one thing you have to think about is actually the product itself.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

Everything else won't matter.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

Financial engineering comes later.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

Optimization comes later.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

You can think about everything else later and you can hire all of those pieces out until you actually nail the product.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

You won't really get too far with it.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

So if you're an early stage, that's sort of what you focus on.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

The slide here is showing that we took a while to get to the revenue numbers.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

At this time, we are growing 50% and we are actually fast growing.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

I would attribute most of that to the early stages when we were truly focused on the product.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

I think not just the product itself and making sure the product is adding value, you also have to make sure that you're getting customers of the same kind.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

Because if you get seven customers, each one of them is using it differently, you don't really have a business yet, right?

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

So to stay close to your ideal customer profile or to continuously evolve and fire the customers that don't belong there, this is the discipline that you have to be sure about in early stages.

SaaS Interviews with CEOs, Startups, Founders
Founder First PE Playbook: Growing from $24m Revenue Bootstrapper to $400m PE Valuation

Definitely feel like, you know,