Everything Ivan Mazour said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Mazour: Series A rounds now require $2M to $3M in ARR
“And so what you're finding is that that sort of seed extension becomes more and more necessary purely because series A rounds are being done now at two, three million dollars annual recurring revenue rather than one.”
Mazour: Anyone can raise a £150K SEIS round through sheer volume
“My advice is always that absolutely anyone can raise an SEIS round today. It is a case of working really hard at it. It's a case of reaching out to potentially, you know, a thousand people, but to raise a 150,000 pounds where the government is pretty much unde…”
Mazour: Andy McLaughlin's Huddle is London's best SaaS company
“He's founder of, you know, basically the best SaaS company to have come out of London.”
Mazour: £1K–£2K angel checks won't secure access to top startups
“Because if you're going to invest, you know, one, 2000 pounds, one, the best companies won't take you, and two, you'd still not really get any communication. You wouldn't be able to learn from it.”
Mazour: More seed extension funds will launch within two years
“So there's this new gap that's arisen, and there are new funds and new investors that operate specifically within that gap, and we'll see more of that over the next couple of years, I think.”
Mazour: SaaS startups with 300% growth and £1M ARR guarantee funding
“Certainly at the late stage, if you have your metrics, you will just have your funding. It really comes down to that. If you're a fast growth, my experience has been SaaS, that's because I'm actually a SaaS business, but you know, if you have a fast growth rec…”
Mazour: Retailers want actionable engagement tools, not raw data
“Retailers didn't want data, they wanted actions that drove engagement and revenue”
Mazour: Delay fundraising until key metrics are definitively met
“So I think my biggest takeaway is to wait until you absolutely know you've hit all the numbers that are necessary to raise whatever round you're raising, and then just go out because you can close that round within a month if you've got everything in place.”
Mazour: KPMG created a $100M venture fund for analytics companies
“KPMG did a hundred million dollar fund just for analytics companies.”
Mazour: Jason Lemkin's SaaStr is the definitive SaaS guidebook
“It's basically a guidebook for how to run a SaaS company. There's very little that I do that I didn't learn from his blog.”
Mazour made 30 angel investments in four years before founding Ometria
“Within four years, I'd made 30 investments I'd stopped property development.”
Mazour: E-commerce is a $2T to $3T market
“E-commerce is a two to three trillion dollar market with retail being 10 times bigger than that.”