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Taj Adhav

๐Ÿ‘ค Speaker
158 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

No, actually even less, 10 grand.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

10 to 15 grand.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

Okay.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

It was a, let's see, it was a 12 post.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

So it's 12.2 right now.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

I think we got a really fair deal.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

We pushed and we negotiated a term sheet that was very palatable to us as founders.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

I think our initial term sheet was a little bit lower, but I think we found the right number to make sure that it was kind of a win-win on both sides.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

Yes.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

A little less than that.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

We saw this hockey stick happen, Nathan, probably in June.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

Hockey stick happened again back in 2020, despite COVID, but certainly with more rocket fuel in the engine.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

This summer was phenomenal.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

We did have a convertible note that was provided to our earliest investors.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

So that kind of helped us continue to bootstrap.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

But this round, this is the only price round that we've had.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

Correct.

SaaS Interviews with CEOs, Startups, Founders
Leasecake Helps Companies Manage Leases, Breaks $1m in ARR

You know, it's one of those things where you kind of have to make your bets and find the right kind of partners that believe in ultimately this operating system play.