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Stephen Gates

๐Ÿ‘ค Speaker
189 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

Thankfully, yes.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

Okay.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

Which by the way, back then, didn't know what a vesting schedule was, right?

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

So that was totally because of the incubator we worked with, their template had a vesting schedule built into it.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

Um, yeah, we, so we did it.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

That was the one sucky part.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

There was no cliff, but we're on investing schedule.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

So they invested quarterly.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

So I think he had two quarters that he invested.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

So we do moonlighting.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

So we just do software consulting on the side.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

Or sorry, we used to do software consulting on the side.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

Now that we're kind of making money off of this, we want to kind of go full on and bootstrap a bit further or whatever.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

But as for paying, if you've got $35,000 in the bank, I mean, as your pre-seed investment, I don't think that's worth paying you for.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

Because if you pay yourself even $10,000 for the year, then that's actually with taxes, it's like $7,000.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

You know what I mean?

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

Yeah, exactly.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

So we just did software consulting on the side, which is, I also think early on, that's really good to do because it just exposes you to more people.

SaaS Interviews with CEOs, Startups, Founders
1610 How This Founding Team of 2 Peacefully Removed 3rd CoFounder

You get more changes to pitch your product and you kind of develop relationships with people.