4.4 • 637 Ratings
🗓️ 2 August 2019
⏱️ 32 minutes
🧾️ Download transcript
Waseem Daher is the Founder and CEO @ Pilot, the startup that takes care of your bookkeeping from start to finish so you can focus 100% on making your business succeed. To date, Waseem has raised over $58m in funding from some of the very best firms and people in the business including Index, Stripe, Okta's Frederic Kerrest, Gusto's Josh Reeves, Stripe's Patrick and John Collison and Lola's Paul English, just to name a few. As for Waseem, Pilot is the 3rd business he has founded with his co-founders, the first being Ksplice and the second Zulip, which was acquired by Dropbox in 2014. He has also enjoyed spells with the likes of Oracle and Dropbox in the interims.
In Today’s Episode You Will Learn:
1.) How Waseem made his way into the world of startups over 15 years ago and how that lead to his founding of Pilot today, changing the world of accounting? Does Waseem agree with Joel Fernandez at JoyMode that "serial entrepreneurship is overrated? What has Waseem done differently this time as a result of his 2 prior founding experiences?
2.) Why does Waseem believe that "passion is overrated when it comes to starting companies"? If passion is not fundamental, what does Waseem believe is fundamental to ensuring one sticks the course? How does Waseem think about the craft of company building as a passion in itself?
3.) What is it about Waseem's relationship with his 2 co-founders that makes it so successful for the third time around this time? What do they do to ensure that unity and trust remains? Where do they have weaknesses and flaws in the co-founding relationship as a result of it's maturity? What advice does Waseem give to newer co-founding partners?
4.) Waseem has previously said that "VC is overrated". What does he mean by this? How does Waseem think about the decision to bootstrap vs to raise VC? What are Waseem's biggest lessons when it comes to investor selection? How much of a role does brand play? What core questions should the founders ask the VC?
5.) What does Waseem mean when he says, "never sell your company"? What were his biggest lessons from exiting two companies to Oracle and Dropbox? How did it shape his thinking on M&A and exits? How has Waseem seen his role scale and develop as a leader and as CEO? What are the biggest challenges he has found in his personal scaling?
Items Mentioned In Today’s Show:
Waseem’s Fave Book: Harry Potter
As always you can follow Harry, The Twenty Minute VC and Waseem on Twitter here!
Likewise, you can follow Harry on Instagram here for mojito madness and all things 20VC.
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0:00.0 | Hello and welcome back to the 20 minute VC with me, Harry Stebbings, at H. Stebbings, 1996 with |
0:04.7 | two B's on Instagram. And what a Founders Friday we have in store for you today? I had heard so many |
0:09.0 | incredible things about this founder from I think it would have been about six separate |
0:12.2 | billion dollar founders. And so I couldn't be more excited for this one. And so with that, |
0:15.9 | I'm thrilled to welcome Wasseem DeHur, found and CEO at Pilot, the startup that takes care of your bookkeeping from start to |
0:22.0 | finish, so you can focus 100% on making your business succeed. To date, Waseem has raised over |
0:27.3 | $58 million in funding from some of the very best in the business, both in terms of firms and |
0:32.1 | people, including the likes of index and Stripe, and then on the people side, Octus Frederick |
0:36.7 | Kerrists, Gusto's Josh |
0:38.0 | Reeves, Stripes Patrick and John Collison, and Lola's Paul English, just to name a few. |
0:42.6 | As for Waseem, Pilot is the third business he's co-founded with his co-founders, the first being |
0:46.9 | K-Splice, and the second Zulip, which was acquired by Dropbox in 2014. He's also enjoyed spells with the lights of Oracle and Dropbox in the interims. |
0:55.1 | And I'd also want to say a huge thank you, both to Paul English and Jordan Angelos at Stripe, |
0:59.0 | for some fantastic questions suggestions today. I really do so appreciate that. |
1:03.0 | But before we dive into the show today, are you a product manager that's been thinking about |
1:06.2 | how broken the consumer-to-business payment space is? If so, WeGift have recently raised the series A round, |
1:11.8 | and slight disclaimer, the firm I co-founded Stride, led the round, and WeGift are looking for |
1:16.1 | amazing product managers to revolutionise the way businesses are able to pay consumers. Yes, |
1:21.0 | that's right, businesses to pay consumers. If you're interested, please go to weigift.io, |
1:25.5 | forward slash careers and apply. And finally, smart executives and business owners know that harnessing the power of AI, |
1:31.3 | embracing the cloud and prioritizing cyber security are the cornerstones of growth. |
1:35.4 | Every day, Reich helps thousands of companies worldwide. |
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