Zach Perret

I think it's going to be one of the blog posts that is the most misused and actually causes a lot of the worst behavior in startups for a long time. OKR is another one. OKRs were built for manufacturing. We don't manufacture software. I think that raising money is like a big waste of time. So we try to raise money as infrequently as we possibly can with implied.

I think it's going to be one of the blog posts that is the most misused and actually causes a lot of the worst behavior in startups for a long time. OKR is another one. OKRs were built for manufacturing. We don't manufacture software. I think that raising money is like a big waste of time. So we try to raise money as infrequently as we possibly can with implied.

I think it's going to be one of the blog posts that is the most misused and actually causes a lot of the worst behavior in startups for a long time. OKR is another one. OKRs were built for manufacturing. We don't manufacture software. I think that raising money is like a big waste of time. So we try to raise money as infrequently as we possibly can with implied.

Angel investing actually, I think, is very distracting to founders.

Angel investing actually, I think, is very distracting to founders.

Angel investing actually, I think, is very distracting to founders.

Thank you so much for having me. I'm a huge fan of the podcast and amazing how long you've been doing it and how impressive all of the episodes are. And kudos to you as an amazing interviewer.

Thank you so much for having me. I'm a huge fan of the podcast and amazing how long you've been doing it and how impressive all of the episodes are. And kudos to you as an amazing interviewer.

Thank you so much for having me. I'm a huge fan of the podcast and amazing how long you've been doing it and how impressive all of the episodes are. And kudos to you as an amazing interviewer.

So for those that aren't aware, in 2020, we signed paperwork to sell the company to Visa. In the intervening period, the regulators in the US had investigated it to ask the question, was Visa a monopolist? And was this a kind of monopoly-creating transaction? And the amazing opportunity we had within the business was we'd grown quite massively from 2020 to 2021.

So for those that aren't aware, in 2020, we signed paperwork to sell the company to Visa. In the intervening period, the regulators in the US had investigated it to ask the question, was Visa a monopolist? And was this a kind of monopoly-creating transaction? And the amazing opportunity we had within the business was we'd grown quite massively from 2020 to 2021.

So for those that aren't aware, in 2020, we signed paperwork to sell the company to Visa. In the intervening period, the regulators in the US had investigated it to ask the question, was Visa a monopolist? And was this a kind of monopoly-creating transaction? And the amazing opportunity we had within the business was we'd grown quite massively from 2020 to 2021.

COVID had been a huge tailwind for us. And we had the opportunity to actually walk away at the end of that deal and so elected to do so. But no, we started working on the new product expansions before that acquisition.

COVID had been a huge tailwind for us. And we had the opportunity to actually walk away at the end of that deal and so elected to do so. But no, we started working on the new product expansions before that acquisition.

COVID had been a huge tailwind for us. And we had the opportunity to actually walk away at the end of that deal and so elected to do so. But no, we started working on the new product expansions before that acquisition.

I don't think that there was that specific question on my mind. The question that was always on my mind was, are we undershooting the long-term opportunity by being part of another company? And for every founder that's ever thought about selling their company, that's the key question that they're probably asking themselves.

I don't think that there was that specific question on my mind. The question that was always on my mind was, are we undershooting the long-term opportunity by being part of another company? And for every founder that's ever thought about selling their company, that's the key question that they're probably asking themselves.

I don't think that there was that specific question on my mind. The question that was always on my mind was, are we undershooting the long-term opportunity by being part of another company? And for every founder that's ever thought about selling their company, that's the key question that they're probably asking themselves.

I don't think that most people immediately orient on value for the acquisition. Sure, yeah, it reaches a threshold, and the dollar value starts to make sense. But I think when people really go through that agony around selling a company, it's much more about, like, am I creating the long-term impact? Am I fulfilling the mission? Am I achieving the vision that I've set out?

I don't think that most people immediately orient on value for the acquisition. Sure, yeah, it reaches a threshold, and the dollar value starts to make sense. But I think when people really go through that agony around selling a company, it's much more about, like, am I creating the long-term impact? Am I fulfilling the mission? Am I achieving the vision that I've set out?