Siroker: Rewind raised Series A at $350M valuation with $700K ARR
Dan Siroker · How To Raise Capital Successfully with Dan Siroker · Nov 29, 2023 · at 3:25
Dan Siroker, founder and CEO of Rewind, shares the financial metrics and valuation achieved during Rewind's public Series A fundraise.
0:00 / 0:05exact quote · 5.0s
720p mp4 · rendered on demand · StarZero watermark
“We raised it a three hundred fifty million dollar valuation with 700 K and ARR.”
quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →
More from Dan Siroker
Siroker: Rewind's 20-person team ships faster than Optimizely's 400
“We're a team of 20 at Rewind, and we're more productive. We ship faster than we ever did when I had a team of 400 at my last company.”
Siroker: Rewind's public pitch deck got over 1,000 investment offers
“We got well over you know, we got millions of views over a thousand offers to invest, many from really great investors, and I spent the next week in meetings with folks.”
Siroker: Public fundraising reveals true market price and best matches
“And I think that's really the value of being more public in your fundraise, It helps you cast a wider net, which then you ultimately find the perfect match, the perfect marriage, and you end up, I think really getting a sense for your market prices. That's the…”
Siroker: Fear of copycats from public fundraising is overblown
“You know, it's true that since we did raise in public and we were successful, we've had some imitators and some copycats, but none of them really have affected us. You know, it was a little bit of like, oh, should I have Been so public about our success when I…”
Siroker: Rewind received 20 funding offers at $1B valuation or higher
“We had 20 offers at a billion dollars or more but 20 out of a thousand is pretty small.”
Siroker: Pre-PMF founders waste time coding instead of talking to users
“They can convince themselves that they're actually meaningfully moving toward product market fit by just sitting in the room and coding all day. Most of the time, that time is wasted. You know, it's not getting you any closer to the insights you need to buildi…”