Wade Foster

8 statements across 1 episodes · 2 bullish · 0 bearish · 1 people on the record · first statement Apr 15, 2021 by Wade Foster · said 3 times in 1 episodes since 2022 · across every show →

On the record as a speaker too: Wade Foster's record, appearances and statements → this page counts the times other people say the name.

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Everything said about Wade Foster, oldest first

Apr 15, 2021
Insight
Foster: Executive hiring is the single hardest challenge for any CEO
“I have not encountered anything harder in my career than, like, hiring great executives. Any CEO who tells you that's not at least in their top two, like, I would be like, really?”
Wade Foster Apr 15, 2021 ▶ 13:53 20VC: Scaling Zapier To $140M ARR and a $5Bn Valuation on $1.4M of Funding, What Founders Misunderstand About Fundraising & How Founders Should Think About Secondaries Today with Wade Foster, Founder & CEO @ Zapier
Apr 15, 2021
Insight
Foster: Join the smallest company possible to learn how business works
“Well, if you want to learn how to run a company, I think the smaller company you can be a part of, the better, because you're just going to get exposed to, like, the whole of the thing.”
Wade Foster Apr 15, 2021 ▶ 5:36 20VC: Scaling Zapier To $140M ARR and a $5Bn Valuation on $1.4M of Funding, What Founders Misunderstand About Fundraising & How Founders Should Think About Secondaries Today with Wade Foster, Founder & CEO @ Zapier
Apr 15, 2021 neutral
Insight
Foster: Leaders should not enforce accountability for non-priority meeting items
“I tend to say, you know, because we've intentionally put them below the, like, priority list, I don't worry about them all that much. Like, I kind of take the mindset of, like, well, if it was really important, it would have been, like, the number one thing we…”
Wade Foster Apr 15, 2021 ▶ 9:57 20VC: Scaling Zapier To $140M ARR and a $5Bn Valuation on $1.4M of Funding, What Founders Misunderstand About Fundraising & How Founders Should Think About Secondaries Today with Wade Foster, Founder & CEO @ Zapier
Apr 15, 2021
Disclosure
Foster has not taken $10 million in secondary stock sales
“I haven't. So, I don't need that much money, like, to sort of live a good lifestyle, I think, is sort of what it boils down to.”
Wade Foster Apr 15, 2021 ▶ 26:52 20VC: Scaling Zapier To $140M ARR and a $5Bn Valuation on $1.4M of Funding, What Founders Misunderstand About Fundraising & How Founders Should Think About Secondaries Today with Wade Foster, Founder & CEO @ Zapier
Apr 15, 2021
Insight
Zapier hit operational scaling breakpoints at 30, 100, and 300 employees
“I feel like we're kind of at starting to get to a little bit of another inflection point where we're sort of having to reset some of how our operating cadence works. Like, how our management structure works yet again. So, like, I'd say 30, a 103 hundred kind o…”
Wade Foster Apr 15, 2021 ▶ 13:16 20VC: Scaling Zapier To $140M ARR and a $5Bn Valuation on $1.4M of Funding, What Founders Misunderstand About Fundraising & How Founders Should Think About Secondaries Today with Wade Foster, Founder & CEO @ Zapier
Apr 15, 2021 positive
Disclosure
Foster met select VCs quarterly to preserve fundraising options without pitching
“I did want to be in a position where we could do that quickly, and so I just sort of set up a, like, simple calendar where I said, you know, hey, One Friday, every quarter, I'm gonna, like, go snag lunch with somebody, or I'm gonna jump on a Zoom call with som…”
Wade Foster Apr 15, 2021 ▶ 24:23 20VC: Scaling Zapier To $140M ARR and a $5Bn Valuation on $1.4M of Funding, What Founders Misunderstand About Fundraising & How Founders Should Think About Secondaries Today with Wade Foster, Founder & CEO @ Zapier
Apr 15, 2021
Disclosure
Zapier CEO Wade Foster reduced his direct reports from 14 to six
“Today I have six, I think, so, you know, I'm doing pretty good right now, but there's been, you know, even as early as late last year, I had, like, 14 or something like that.”
Wade Foster Apr 15, 2021 ▶ 14:10 20VC: Scaling Zapier To $140M ARR and a $5Bn Valuation on $1.4M of Funding, What Founders Misunderstand About Fundraising & How Founders Should Think About Secondaries Today with Wade Foster, Founder & CEO @ Zapier
Apr 15, 2021 positive
Assertion Not checkable as stated
Zapier executives resolve minor meeting items silently in 10-minute pre-reads
“Yeah, you know, at Zapier, we, like, the exec team has a staff meeting every week. There's a prompt ahead of time that tees up the topics, and so people sort of pre-fill out their documents and Folks join a Zoom for the meeting. We do 10 minutes of pre-read. W…”
Wade Foster Apr 15, 2021 ▶ 8:33 20VC: Scaling Zapier To $140M ARR and a $5Bn Valuation on $1.4M of Funding, What Founders Misunderstand About Fundraising & How Founders Should Think About Secondaries Today with Wade Foster, Founder & CEO @ Zapier
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