Everything Ash Vaidya said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Vaidya: Co-founders making every decision jointly is a recipe for disaster
“As opposed to both the founders thinking that everything is a co-jointed decision. That's always a recipe for a disaster.”
Vaidya: Enterprise SaaS benchmarks require 100-120% NRR, while SME allows 90%
“Like if a company is an enterprise focused business, right? Typically speaking, we're seeing, you know, gross and net retention numbers are sort of in the 90% range to the hundred to 120% range for those. If it's an enterprise focused business, right? If it's …”
Vaidya: Startups funded in 2021-2022 turn to debt as equity multiples compress
“Companies that were raising money in the 18 to 24 month cadence that raised money in 21, 22, right? At higher multiples are coming up for raising capital now in the equity markets, and they're seeing their multiples compress quite a bit. So Debt has become a s…”
Vaidya: Startups at $5M-$7.5M Run Rate Need Dedicated Finance Leadership
“Like when you get to a five to seven and a half million dollar run rate, you should have a finance seat that's filled or have a very reputable firm that's managing your finances, right? You should be on a path to getting audited.”
Vaidya: Startups Must Maintain at Least 12 Months of Runway
“I think the best practice in current times and beyond should be like having at least 12 months of cash on the runway at all times. Whether you're talking to an equity investor or a debt investor, I think that's the right signal to have. I think best practice c…”
Vaidya: AI company valuations are quite high relative to actual delivery
“Companies that have the word AI attached to them, their valuations are I don't want to use superlatives, but the valuations are quite high, right, from a multiple perspective, from what they're delivering.”
Vaidya: Multiplier Capital Requires $10M Revenue and Established Product-Market Fit
“Once the sort of company's sort of in the top of funnel, we really hone in on the qualities that I mentioned before, right? Like, do we first see the fact that this business has at least ten million in revenues? Because one of the things that we're looking for…”
Multiplier Capital Only Funds Companies With Fully Funded Business Plans
“Typically from when our capital comes in, we will only fund businesses with a fully funded business plan with our capital, right?”
Vaidya: Multiplier Targets Sub-25% LTV, With Most Loans Between 10-15%
“Largely speaking, we, you know, we try to hone in on LTV or the loan to values in that, you know, sub-twenty, sub-twenty to 25% range. Most of the loans that we'll do will be in the 10 to 15% range. I mean, that's kind of like How it's played out over the last…”