6 Things SaaS Founders Need To Know About Accounting
I didn’t want to shoot this video. Honestly, I didn’t even think it was necessary. I assumed that all scaling SaaS founders must be doing accrual accounting, right?
I didn’t want to shoot this video. Honestly, I didn’t even think it was necessary. I assumed that all scaling SaaS founders must be doing accrual accounting, right?
If you want to start a new SaaS business in 2021 without tearing your hair out, my advice is: Find a co-founder. You shouldn’t have to do it all on your own… and it’s better that you don’t.
Ever noticed my black wedding ring? Want to know a secret about it? It’s electronic (made by Oura). It measures a lot of cool stuff about my body, including my sleep. I didn’t care about sleep for YEARS. It wasn’t until I had kids (aka: human alarm clocks) that I had to dial in my routine and structure.
Want to learn what it’s like to compete against Amazon and win? I first met Tobi the Co-founder & CEO of Shopify.com 10 years ago in San Francisco while they were fundraising for their series A… … most investors said “No”. (We dig into this during my interview… specifically, what those investors missed!) Fast forward to today and they have
Does this sound familiar? You have a high-output employee working for your company and then suddenly they lose interest and stop performing the way they used to. Or, even worse… they quit unexpectedly. You never saw it coming and – BAM – the tyres blow out and your business screeches to a halt while you try to figure out what
Recently one of my coaching clients exited his SaaS company for $90MIL. That was on $860K in monthly recurring revenues. Literally 100X his MRR became his selling price. In case that isn’t clear… He made $90 million in a single sale, walking freely into an early retirement. There is some serious money to be made in a well-built SaaS… When
I’ve spoken a lot about my 3 most recent SaaS exits (Clarity.fm, Flowtown, Spheric)… But rarely do I talk about how EASILY I could’ve given up on each. I mean… … Spheric got sued 15 months in. … Flowtown got shut down by Facebook and had to be rebuilt from near-scratch. … Clarity.fm launched to crickets (despite renting out a
No matter how great your product is, at some point the success of your SaaS company is gonna be DIRECTLY linked to your personal productivity as a founder. Talk about pressure, right? I can totally relate. I built clarity.fm during an insane 11 month stretch where Renee was starting an agency of her own AND we brought two little humans
One of my favourite stories of a bootstrapped founder is Clay Collins. He’s the creator of LeadPages.net, and when I first met him he was doing $100K+ a month in recurring revenue. As someone who came from the online education space, he knew his customers intimately and was an incredible marketer. I still remember our first conversation and the questions
Even though he almost fired me after 2 weeks… … my leadership style came from a guy named Darcy. I was 21 years old, and just got a contract position with a company in Fort McMurray, Alberta working on the tech team at Syncrude. Somehow I was hired even though the people reporting to me were 10 years older. Darcy