Just $10m raised to hit $30m in ARR, how the king of capital efficiency did it

SaaS Interviews with CEOs, Startups, Founders

Nathan Latka

Ceo, Entrepreneurs, Founders, Software, Business, Entrepreneurship, Saas, Startups

4.6 • 683 Ratings

🗓️ 16 August 2022

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

All In One Local Marketing.

Transcript

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0:00.0	We have, you know, about $6 million in cash that we raised.
0:05.2	I acquired three companies along the way.
0:07.8	So, you know, for all stocks.
0:09.8	So, you know, a capital stack of around $10 million in preferred.
0:14.4	But then, you know, when we felt like we got the product to a point that it was the best product in the space.
0:21.8	And we are right now.
0:22.9	We've accelerated that.
0:26.1	You are listening to Conversations with Nathan Latka,
0:29.5	where I sit down and interview the top SaaS founders,
0:33.0	like Eric Wan from Zoom.
0:35.2	If you'd like to subscribe, go to getlatka.com.
0:39.3	We've published thousands of these interviews,
0:41.5	and if you want to sort through them quickly by revenue or churn,
0:44.9	cack, valuation, or other metrics,
0:47.2	the easiest way to do that is to go to getlatka.com and use our filtering tool.
0:51.7	It's like a big Excel sheet for all of these podcast interviews.
0:54.8	Check it out right now at GitLatka.com.
0:59.6	Hey, folks.
1:00.5	My guest today is Chris Morentes.
1:01.8	He's a technology entrepreneur and business leader on a mission to help small businesses
1:04.9	leverage the power of digital transformation.
1:07.1	He's the CEO of Surefire Local and has focused the company's efforts
	...

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