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Zeb Evans

๐Ÿ‘ค Speaker
429 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

I think it got down to a couple of grand, but we turned it around and we became net positive.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

I believe so.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

I'm not the numbers person, Nathan.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

I'm the product marketing person.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

I still was more... Look, when I realized we had 25 grand in the bank account, I realized we had 25... That was the first time I realized it.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

I should have been thinking about that six months ahead.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

How much are we burning?

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

And that was after we cut down a shit ton of our expenses.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

Before, we were spending much more.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

I think we were spending 100 grand a month.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

And we started cutting things down within like 30 days because I was like, shit, we're running out of money.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

So yeah, I honestly haven't really been that numbers person.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

Our Series A was $200 million.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

Exactly.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

And a little trick, convertible notes is a really great way with the cap to invest in your own company if you ever want to invest in your own company.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

Well, so I put in a cap at $5 million.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

So essentially, I was investing at a $5 million valuation.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

And then when we invested at $200 million, your notes convert at that same... I mean, I got another 30% or 40% of the company.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

Well, you normally, you know, if you get, and this was several years ago where 5 million wasn't out of the ballpark.

SaaS Interviews with CEOs, Startups, Founders
Clickup Breaks $85m ARR, "On Track for $200m in 2022" says CEO Zeb Evans

I mean, now 5 million is very low for convertible note cap.