CoCubes

6 statements across 1 episodes · 0 bullish · 0 bearish · 1 people on the record · first statement Apr 6, 2021 by Harpreet Singh Grover · said 28 times in 3 episodes since 2021 · across every show →

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brought up most by Siddhartha Ahluwalia (21), Harpreet Singh Grover (6), Kushal Bhagia (1)

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Everything said about CoCubes, oldest first

Apr 6, 2021
Assertion Partly supported
CoCubes grew 60% year-over-year with all growth hitting the bottom line
“Our company, so continued to grow month on month, year on year and thing, and only we were growing at about 60% and we were, and all of it was actually going to the bottom line because we were keeping our costs low and, you know, it was B to B almost no market…”
Harpreet Singh Grover Apr 6, 2021 ▶ 16:30 Inside the mind of Harpreet Singh Grover, Co-Founder, CoCubes, & Author, Let’s Build a Company
Apr 6, 2021
Assertion Not checkable as stated
The CoCubes acquisition took two and a half years to close
“The entire, actually the entire acquisition took about two and a half years actually. Yeah. So not even in 10 to 12 months, it took two and a half years.”
Harpreet Singh Grover Apr 6, 2021 ▶ 15:50 Inside the mind of Harpreet Singh Grover, Co-Founder, CoCubes, & Author, Let’s Build a Company
Apr 6, 2021 neutral
Insight
Attempting to proactively shop a startup typically yields terrible acquisition offers
“And the key to thing is that companies are not, you know, sold, they are bought. That is a, I think that is super critical to remember because at that point we wanted to actually went to all the folks, all the large companies saying, you know, we want to buy a…”
Harpreet Singh Grover Apr 6, 2021 ▶ 21:18 Inside the mind of Harpreet Singh Grover, Co-Founder, CoCubes, & Author, Let’s Build a Company
Apr 6, 2021
What-if
CoCubes founders would have accepted a $1M buyout early in talks
“If actually at the start of the acquisition, somebody had given us a million dollar, two million dollars cash offer, we would have taken it.”
Harpreet Singh Grover Apr 6, 2021 ▶ 17:04 Inside the mind of Harpreet Singh Grover, Co-Founder, CoCubes, & Author, Let’s Build a Company
Apr 6, 2021
Assertion Not checkable as stated
CoCubes laid off 70% of staff after $5M funding round collapsed
“This was the point when, you know, we had a term sheet for raising a five million dollars. And at that moment, it didn't pan through. We were a team of about one, 21, 30 people. We had a fancy office and we had to, you know, let go of, 70, 80 folks. 66%, 70% o…”
Harpreet Singh Grover Apr 6, 2021 ▶ 3:13 Inside the mind of Harpreet Singh Grover, Co-Founder, CoCubes, & Author, Let’s Build a Company
Apr 6, 2021
Assertion Not checkable as stated
CoCubes founders took 2.5 crore INR in personal debt from parents
“But we had debt from, you know, about two and a half crores from people whose money was not supposed to be addressed. This was their life savings. My parents, you know, my parents, the board's parents, you know, was on our board. He was a VC, but you know, he …”
Harpreet Singh Grover Apr 6, 2021 ▶ 4:52 Inside the mind of Harpreet Singh Grover, Co-Founder, CoCubes, & Author, Let’s Build a Company
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