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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

So when we did actually really get to raise money, uh, we raised a hundred million, uh, last year.

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

Uh, that's a significant check.

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

I heard somebody saying here, that's exactly right.

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

Uh, everybody, you know, around you will suddenly actually call you, right?

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

What the hell just happened?

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

Right.

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

But that is actually really fundamentally a moment of truth in your life because you realize

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

you can pretty much do most things you've wanted to do now, right?

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

So I want to talk a little bit about, you know, how you prep for that cycle.

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

And then, you know, why secondary was important.

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

So taking some money off was extremely important.

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

I was just having this conversation with you back there.

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

The team had stayed with me for a very long time.

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

I wanted to take some real money off as well.

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

When you really find lots of folks around you in your team have made their first six-figure, seven-figure checks and they work with you, it will completely change the culture.

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

don't have to worry that there's a proven culture of financial rewards extraordinary rewards outsize rewards that can happen just by being in that company so people don't have to go work elsewhere i think for me it was actually also about um getting to you know swing with a heavier bat right you can really swing for the fences

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

So when you take some money off, personally, you'll feel I will actually really change, you know, the way board meetings are run.

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

What's the board meeting of 2030?

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

Let me go after that construct.

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

So those are some of the things to think about as you think about, you know, taking on some money.