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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 this is sort of, you know, you have to be that clear with your team.

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

The first one is we want to make sure that we build everything within the platform, everything that a board needs to do, not just the board book delivery, the board assessment.

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

the dno questionnaire you know ceo review um you know all approvals everything should be right there minutes routing should be within the platform so that's the first big heuristic that we are clear about the second heuristic is you want to make sure that the first i call this f tux first time user experience is an absolute uh amazing one which means when a new director gets your product

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

They should be wowed.

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

We can implement our product within the same day.

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

So if you had a board meeting this evening and you called us in the morning, we'll be able to implement that and your director should be able to run with it and your first meeting itself will go off seamlessly.

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

That focus is extremely important when you're building the product in the early stages.

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

Once you do that, and that comes about only if you built

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

amazing relationship with customers other speakers have talked about this in my case my first customer was also somebody who gave us infrastructure we used their office they also advised a lot on operations side how do you get compliance certifications and such and eventually they became my date partner when i talked about buying back my co-founder my first customer since this was a financial institution

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

They helped me figure out a loan which allowed me to buy back my partner.

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

So you can get a lot out of your early customers.

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

They're emotionally invested just like early employees.

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

The question really comes down to what are you gonna solve for with them?

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

They're your early board, if you will.

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

In our case, lots of things came out of this.

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

So for example,

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

all our early customers became advocates for us to go sign up these partnerships so what you're seeing here is partnerships we signed up in different sectors there's one in credit union industry there's one in the banking industry there's one in the university space and so on so we've used a lot of customer credibility

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

to sign up partnerships, which actually then give you more credibility in the market.

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

And that's how you go about doing this cycle.

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

So nail the product, gets the partnerships, at least in our case, it's a very vertical sales cycle that we have.