Dan Park

15 statements across 1 episodes · 5 bullish · 2 bearish · 1 people on the record · first statement Apr 7, 2025 by Dan Park · across every show →

On the record as a speaker too: Dan Park's record, appearances and statements → this page counts the times other people say the name.

Everything said about Dan Park, oldest first

Apr 7, 2025 positive
Assertion Not checkable as stated
Dan Park: Clutch doubled its business while reaching profitability
“We had to double, we effectively doubled the business in order to do that.”
Dan Park Apr 7, 2025 ▶ 26:02 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025 neutral
Insight
Park: Only ownership percentage and exit valuation matter financially, not interim valuations
“Financially, the only thing that matters if you're an investor or an employee is, you know, how much you own and what the value is at exit, right? The interim valuations to a certain extent, you know, are milestones, but they don't really, it doesn't, you know…”
Dan Park Apr 7, 2025 ▶ 18:51 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025
Insight
Park's rule: funding uncommitted by Halloween will miss year-end
“And I have this rule that if you don't raise capital by Halloween, it's pretty hard to close it by the end of the year”
Dan Park Apr 7, 2025 ▶ 12:10 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025 positive
Assertion Not checkable as stated
Zero leaders left Clutch for two years after massive 2023 layoffs
“From our 30 person leadership team of people managers and folks that are kind of in, in leadership positions, we didn't have anyone leave for two years.”
Dan Park Apr 7, 2025 ▶ 16:18 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025
Disclosure
Park: Clutch initially offered customers up to three at-home test drives
“What we were doing back then when I joined initially was we were basically providing vehicle car, it was called car enthusiasts or car concierges That if you wanted to test drive a car, we would bring you a car to test drive in your, like, in your neighborhood…”
Dan Park Apr 7, 2025 ▶ 37:46 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025 positive
Assertion Supported
Park: Clutch has hit $400M in annual revenue, doubling its prior peak
“No, we're now double our peak, so we're at four hundred million of revenue now.”
Dan Park Apr 7, 2025 ▶ 26:48 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025
Disclosure
Park: Clutch turned off customer test drives without testing beforehand
“We just one day woke up and we're like, we have to turn it off. Like we just turned off test drives. Like we didn't test it. We just had, we just turned it off.”
Dan Park Apr 7, 2025 ▶ 43:14 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025 negative
Disclosure
Dan Park: Clutch briefly considered a lowball buyout offer in early 2023
“It created a bunch of uncertainty, and at that point, that was, like, the early part of twenty-twenty-three, we actually had to contemplate potentially selling the business. And so we did get a pretty lowball offer that we considered for a hot second.”
Dan Park Apr 7, 2025 ▶ 21:56 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025
Disclosure
Dan Park: Clutch raised a $20M bridge round in summer 2023
“It was a twenty million dollar kind of bridge in the summer of 2023 and that, and it did what it was designed to do and get us to that milestone.”
Dan Park Apr 7, 2025 ▶ 24:00 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025
Assertion Not checkable as stated
Clutch slashed headcount from a peak of 350 down to 87 employees
“Peak was three 50, and then 87 was our, kind of, low point.”
Dan Park Apr 7, 2025 ▶ 13:08 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025
Assertion Not checkable as stated
Lead investor pulled Clutch's $95M Series C term sheet in January 2023
“We had the term sheet in hand pre-Halloween but signed it on the fourth, and then we were working towards, it was a ninety-five million dollar CREC round. We were working to try to close it, and then on January fifth the lead investor called us and said, look,…”
Dan Park Apr 7, 2025 ▶ 12:40 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025
Disclosure
Park: Clutch financed early inventory with 15-16% personally guaranteed loans
“I had a personal guarantee on a small loan, you know, Steve founder at a Personal guarantee on the loan. We wrote fully secured assets. We were thinking, I think we were paying like 15, 16% interest rate.”
Dan Park Apr 7, 2025 ▶ 6:29 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025 negative
Assertion Not checkable as stated
Clutch was six weeks away from running out of cash in 2023
“We were like six weeks away from cash out.”
Dan Park Apr 7, 2025 ▶ 20:16 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025 positive
Assertion Not checkable as stated
Park: Canada lacks a national retail brand for used cars
“In Canada, there's massive white space where there's no retail brand for used cars in this country.”
Dan Park Apr 7, 2025 ▶ 2:46 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
Apr 7, 2025 positive
Assertion Not checkable as stated
Dan Park: Clutch reached profitability in 2024
“And then we spent a lot of time on CAC efficiency, and so that helped us drive down costs, increased profit gross profit, and, you know, ultimately last year we got to profitability.”
Dan Park Apr 7, 2025 ▶ 23:38 He took a 97% downround—then grew to $400M ARR & a $575M valuation in 2 years. | Dan Park, CEO of... · PMF Show
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