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Steve Petersheim

๐Ÿ‘ค Speaker
179 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

It's a very favorable environment, a favorable note.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

I don't doubt that.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

And I'm realistic about it.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

I know that certainly could happen.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

That's worst case scenario, which we'll deal with when we get there.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

Well, so the first one was, again, this was my former employer.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

So the idea was I left the company to build this product.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

And then they were building it for that group that we were then going to take it out.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

So my first customer was that company.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

They're named Demi Learning.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

They're a publisher, an education publisher, K through eight education materials publisher here in Lancaster.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

But they have international reach family business, about 50 employees.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

So they were the first customer.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

The next customer came because.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

So it was interesting.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

So.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

We spent 2019, I got my co-founder, and we spent 2019 getting our pitch ready, and we were going to go raise money because that's what I needed.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

Yeah, we're 50-50, yeah.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

Okay.

SaaS Interviews with CEOs, Startups, Founders
Economics of a $37,500 Pre Seed Uncapped Convertible Note

Anyway, so we had our pitch ready.