TinySeed Tales S2E9 | Playing the Long Game
Startups For the Rest of Us
Rob Walling
4.9 • 819 Ratings
🗓️ 5 November 2020
⏱️ 20 minutes
🔗️ Recording | iTunes | RSS
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| 0:00.0 | It just really allowed me to kind of relax into the amount of time that it takes to accomplish |
| 0:06.0 | anything. |
| 0:07.4 | And, you know, we've been at this for several years, and we might look at that as discouraging, |
| 0:12.8 | but really, this is a long game play and this move to go up market was a pivotal thing for the business. |
| 0:29.4 | Music go up market was a pivotal thing for the business. Welcome back to Tiny Seat Tales, a series where I follow a founder through their |
| 0:33.0 | struggles, victories, and failures as they build their startup. |
| 0:36.2 | I'm your host, Rob Walling. I'm a serial entrepreneur |
| 0:38.5 | and co-founder of Tiny Seed, the first startup accelerator for SaaS bootstrappers. We're back |
| 0:45.4 | with Brian and Scotty, co-founders of Gather, for one final episode. In the last year or so, |
| 0:50.8 | they've managed to double their revenue and overcome most of the challenges they've faced |
| 0:54.1 | along the way. Case in point, it's been about a month since we last spoke, |
| 0:57.8 | and during that time, their recent cash crunch has started to resolve itself. Yeah, cash flow is not |
| 1:03.0 | our biggest concern anymore, which is a great relief. I think we talked about it some episodes |
| 1:08.4 | ago, but especially right around COVID, like everybody, |
| 1:11.0 | we pulled the reins back pretty severely, and the cash in the bank was dwindling, and we were |
| 1:16.8 | really nervous about declining growth or flat growth. |
| 1:20.5 | And since that time, growth has been either sort of normal steady when you average it |
| 1:25.4 | out or maybe a little slower the last month and a half. |
| 1:28.9 | But the thing that changed was we, you know, got some loans from the COVID situation from the |
| 1:34.7 | federal government, small business association loan and and the PPP loan. |
| 1:40.2 | And those really, really changed things for us. And, you know, we also had some other revenue streams, |
| 1:48.3 | which I think Scotty can talk about. But the combination of those things just put our cash balance |
... |
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