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Tony Stubblebine

๐Ÿ‘ค Speaker
202 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

So, um, we restructured the company at the end of last year, really with the knowledge that coached on me while it used a lot of the lift assets, it's just a brand new thing and we're super early on it.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

So we took a, um, we took a seed round.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

No, no, we have an open seed round that we closed the first part of it in December.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

with institutional investors and wanted to use the rest of it for more strategic investors.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

It's a rolling convertible note.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

And then, you know, our burn rate is so low right now because... What is it?

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

It's like...

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

$20,000 a month.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

That's our net burn by the way.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

So it's great.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

You have to always that like our salaries and server costs and all that are more than that.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

But

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

once you take the, the revenue from the coaching, um, and just, you know, into account where the net burn is, is pretty low.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

I had a totally weird week as I was closing this note.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

And this is the other reason is I'm not even sure that we're going to fill the whole thing because I had a different set of investors trying to get us to do a price, a full round.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

It was like to the point I did the full, like I met all the partners.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

Like, so it was pretty serious interest.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

Generally when you meet all the partners, that's when you know that they're pretty interested.

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

And so I,

SaaS Interviews with CEOs, Startups, Founders
Jack Dorsey's Last Boss Tells True Story in Episode 191 with Tony Stubblebine

we're just not that far away from, from that.