Everything Gil Allouche said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Allouche tanked his credit score to 250 to fund Metadata
“I maxed out all of my credit cards. American Express would call me daily. I would pick up my phone and tell them I'm not paying you anything. When I have money, I'm paying you all of it. Right now, you can keep calling me. Not paying you any of that. And third…”
Allouche defaulted on Amex to preserve runway, dropping credit to 500
“American Express. Not essential. Got a phone call every day. Sir, are you gonna pay your debt? No. I'm not gonna pay a dollar of my debt. My credit score went down to 500.”
Allouche: Raising capital on convertible notes is super easy even in downturns
“It's super, super easy, especially when the market is hot, but even when it's not, super easy to raise on convertible note.”
Metadata account executives converted commissions to equity, saving $1M cash
“All the AEs who are very cash, you know, kind of cash operated, They converted 50 to a hundred percent of their commissions into options, into common options. That got, got them a lot more invested in the business, and got us about a million dollar cash back i…”
Allouche rejected a $4M term sheet that wiped out early investors
“I got a term sheet, a four million dollar term sheet from a green entrepreneur, a shark, who saw that we're struggling. That term sheet, if I took it, My company wouldn't be around anymore. That, that would convert all of the preferred to common. It wouldn't m…”
Metadata Raised $3M Series A Extension at 2x Valuation Post-Cuts
“And after that, we went back to our Series A investors to tell them about the cuts, and they said, fuck, that's amazing. Here is three million dollar more because you guys are so efficient. So we raised another three million dollar in, in, by the way, twice ev…”
Allouche: Metadata Turned Down Multiple Term Sheets and Raised $40M Series B
“But this was the state in which we were able to raise a forty million dollar Series B in a very healthy way. I was able to turn down many term sheets because I had a confidence that my company is doing well”
Allouche would reject a $15M all-cash acquisition offer for Metadata.io
“No, 15, no.”
Disregard vanity marketing metrics in favor of revenue and CAC
“When I say works, again, I don't talk about vanity metrics. I don't care about leads, I don't care about impressions, click-through rates, all of those cool, you know, KPIs that, that, you know, growth hackers talk about, I really don't understand much about. …”
Ranking top four on comparison guides reliably secures prospect sales calls
“Even if you don't come up first, it's still worthwhile to do it, because if you're in the top three or top four, it's very likely that the person is going to give you a shot. They're going to give you half an hour on the phone to maybe convince them, even if t…”
Distributing unbranded review guides helps win late-stage buyer interest
“Comparison guide from review sites, you don't brand it with your logo, make sure that the person who is buying understand this is an objective, as much as possible, objective comparison, and you'll get a shot at the table.”
LinkedIn direct-incentive conversation ads remain effective even after four years
“This tactic, we've been using it maybe for four years now. It hasn't been exhausted. All of my customers use it. It hasn't been exhausted.”
Direct-incentive LinkedIn ad campaigns produce demo flows within two weeks
“Within maybe a week, two weeks of executing this campaign, you would be able to start seeing a flow of demo requests.”
Outreach carries higher credibility when sent by role peers, not salespeople
“This comes from the same ICP. I find the same person that I sell to, and I find the same person in my company who is equal. And I send that email from them because there is much more credibility. There is camaraderie between a marketer and a marketer versus a …”
Facebook makes 90% of revenue from political and consumer campaigns
“Facebook doesn't care about B to B. They make 90% of their revenue from political and consumer campaigns.”
Allouche: Startup CEOs are currently operating in wartime
“I'm going to finish with a bunch of hacks for the wartime CEO, and we're currently in wartime.”
Allouche: Metadata cut a third of staff during 2020 crisis
“So right in there, we cut about a third of our employee. We also stopped paying every essential vendor.”
Allouche: Founders should make offensive moves during survival crises
“When you have a situation like that, a survival situation, you don't only want to take defensive moves. You also want to take offensive moves, because when everyone is panicking and hunkering down, it's kind of an opportunity for you to make bold moves.”
Allouche: The Series B Trap Leads to Cash Depletion and Fire Sales
“After you raise the Series B, there is this story that you didn't figure out everything about the business, you keep investing, and actually, you don't get the growth, and if you fully fall into the trap, you run out of money, and then you have a fire sale.”
Allouche: Delaying layoffs two months would have cost eight more jobs
“If I waited two months, like I was advised to, by pretty much everyone, then I would have had to lay off eight more people, seven to eight more people, because that's how the burn works, right?”
Allouche: Founders need outsiders to fix flawed workflows due to internal attachment
“When someone builds a workflow, even if that workflow sucks, they are emotionally attached to it. And so you have to bring in someone else who is not emotionally attached to it and can have a beginner's mind and show you that you have a problem here.”
Allouche: Leaders must avoid multiple cuts and ignore popularity
“You don't want to cut too much, and you don't want to cut many times, but most important is to make the right decision. Timing and popularity is secondary.”
Metadata staff took a temporary 20% pay cut repaid with equity
“Another thing is that all of us took a 20% cut. Everyone, of course, including myself, every VP, every employee in the company took a 20% cut. We paid all of those people back that, that six months cut Compounded plus equity, additional bonus equity, after we …”
Allouche: Do psychedelics or smoke a joint before deciding out of fear
“Never make decisions out of fear. When you're scared shitless, take a breather. If you're still scared, go for a walk, go for a run, do some pushups, do some psychedelics, smoke a joint. I don't care what you do, but definitely do not make a decision from that…”