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Richard White

πŸ‘€ Speaker
269 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

No, we, but overall we basically went in the first year, we went zero to a million.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

It took me about a year to get to a million in ARR.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

It was a pretty steady rate, but that was kind of a slog because we're still, you know, and then we kind of, at the end of that, we got close to that million that unlocked kind of like the last kind of seed round that we raised.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

That was how we kind of bridged the gap that we had created by not fundraising a lot in 2021.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

I think from the get-go, we always had kind of a contrarian fundraising philosophy.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

I mean, even before we got to these, like, we funder things, we had, you know, we raised that $10 million.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

That first $10 million we raised up until our seed round.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

Like I said, we did it over like seven, eight different rounds or tranches, if you will.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

Like, we did it all on safe notes for the most part.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

One part was price.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And we did it from a lot of people.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

We had like 100 people on the cap table for that $10 million.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And so it was kind of intentional.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

I actually, you know, I've done this game before.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

I felt very confident in my abilities in the like, you know, kind of formation phase of the company.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And I said, look, I don't want to just go get one institutional investor that'll do the whole round.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

I actually really want to hear from like a bunch of different voices.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

And so it gave us flexibility.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

We used fundraising almost as a currency to build a coalition.

SaaS Interviews with CEOs, Startups, Founders
He Lost $50/User to Build a $30M ARR AI Empire (Fathom)

It's like early on, I raised money from Zoom and anyone who had anything to do with Zoom.