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Ryan Urban

๐Ÿ‘ค Speaker
730 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

And also, it's good to have a little bit of breathing room just in case something happens.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

But yeah, we...

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

I funded most of it.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

And then Cole came on and put some money in.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

So did Andreas from our company.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

So we put in the initial money, which is really our seed round.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

And then what we're going to do is Series A companies.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

It would have been really easy to do a $5 to $10 million one then.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

But we don't want to give up 30% of the business.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

And we sacrificed valuation just to get a better partner in there.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

And someone who believed in... We wound up having to work with a New York VC because West Coast VCs were...

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

pumping money in, like hire as many salespeople as possible.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

We wanted, we want our business to go organically.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

We want it to be mostly inbounds.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

Um, yeah, so we went over two years without raising any VC money at all.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

And, and, and that money, not, not all that money went into the business.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

Somebody wanted to clean, clean up the cap table a bit.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

Uh, but yeah, that was just to have a tiny bit of buffer room.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

And at that point, I'd say most companies would have been doing somewhere between that, that are our revenue and size, probably a 40 to $60 million rounds.

SaaS Interviews with CEOs, Startups, Founders
From $0 to $17,000,000 In 2015 With NYC Based SaaS Company, EP 253: Ryan Urban

And we, we chose to do one that was like $5 million and took money from A-Rod.