Dax Dasilva is the founder and CEO of Lightspeed Commerce. He discusses product timeline regrets and competing with early cloud competitors like Square and ShopKeep.
“We could have done it a couple of years earlier and it could have benefited us to have done it a few years earlier. Our cloud product was out by, you know, 2000 13. You know, Square some other folks like Shopkeep had which we acquired later maybe had a couple years on us because of that, but maybe that might've maybe that might've sped things up in our journey, potentially.”
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More from Dax Dasilva
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Dax Dasilva: Lightspeed must refocus after overexpanding products and regions
“And I think right now, now that I've been back at Lightspeed for five months as CEO, you know, I was executive chair for two years. I think there are areas where it's going to be helpful for us to focus again, where we've decided to like spread our wings, mayb…”
Dax DasilvaAug 9, 2024▶ 14:49Dax Dasilva: $900M ARR at $2.6BN Market Cap?! Lightspeed, The Most Undervalued Public Company |E1188 · 20VC with Harry Stebbings
Opinion
Dasilva: Simpler merchants are better served by Clover, Square, or Shopify
“You know, you may be better served by a Clover or a Square or a Shopify.”
Dax DasilvaAug 9, 2024▶ 20:06Dax Dasilva: $900M ARR at $2.6BN Market Cap?! Lightspeed, The Most Undervalued Public Company |E1188 · 20VC with Harry Stebbings
Insight
Dasilva: Public market leadership offers founders more independence than VC backing
“How it feels different from VC, and we've had really, we had some really great VCs with Inovia and with Excel and some pension funds. But you really feel like there's a couple of personalities that are your bosses or not your bosses, but your key partners was,…”
Dax DasilvaAug 9, 2024▶ 31:53Dax Dasilva: $900M ARR at $2.6BN Market Cap?! Lightspeed, The Most Undervalued Public Company |E1188 · 20VC with Harry Stebbings
Insight
Dasilva: SaaS Startups Shortcut Product Basics to Chase VC Metrics
“But when I've mentored companies that are building these SaaS solutions in order to have a track Tip metrics that are going to be interesting to VCs. They're shortcutting a lot of the product development and like they're the basics of building a business like …”
Dax DasilvaAug 9, 2024▶ 0:22Dax Dasilva: $900M ARR at $2.6BN Market Cap?! Lightspeed, The Most Undervalued Public Company |E1188 · 20VC with Harry Stebbings
AssertionSupported
Lightspeed converted a third of its customer base to Lightspeed Payments
“Last year, we spent the almost the entire fiscal year rolling out lightspeed payments and making, and converting a third of our base.”
Dax DasilvaAug 9, 2024▶ 23:20Dax Dasilva: $900M ARR at $2.6BN Market Cap?! Lightspeed, The Most Undervalued Public Company |E1188 · 20VC with Harry Stebbings
Insight
Dax Dasilva: Writing a multi-year business plan is necessary for founders
“I think people are a little bit scared by the rigor of what Having to write an essay and then have a three year spreadsheet of what you're going to do. I don't know. I think it's necessary. I don't think we'd be the same company if we weren't forced to do that…”
Dax DasilvaAug 9, 2024▶ 40:33Dax Dasilva: $900M ARR at $2.6BN Market Cap?! Lightspeed, The Most Undervalued Public Company |E1188 · 20VC with Harry Stebbings
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