Later

includes Later Influencer Marketing

20 statements across 1 episodes · 8 bullish · 3 bearish · 1 people on the record · first statement Nov 25, 2024 by Ian MacKinnon · said 48 times in 1 episodes since 2024 · across every show →

Mentions by year, the whole family

brought up most by Pablo Srugo (24), Ian MacKinnon (24)

tap a year for its mentions
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every mention, scene by scene, with the transcript →

Everything said about Later, oldest first

Nov 25, 2024
Disclosure
Later intentionally avoided enterprise offerings to focus entirely on SMBs
“So we intentionally never had any enterprise offerings precisely to focus on the small and medium business”
Ian MacKinnon Nov 25, 2024 ▶ 32:10 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 positive
Disclosure
Later raised a $1.3M seed round but never touched the capital
“Our seed round was in the summer of 2015. We did 1.3 million. So the term I've heard that I like is a seed strapper. You're not bootstrapping. You're getting one Round. I heard that, oh, that describes it pretty well. And we were always profitable. We never re…”
Ian MacKinnon Nov 25, 2024 ▶ 26:36 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 positive
Insight
Raising only one round prevents late-stage investors from blocking an acquisition
“It was really good to have only raised one round because if we had raised at a higher valuation later on, there might be investors who say, Hey, we can't take that. You haven't returned enough.”
Ian MacKinnon Nov 25, 2024 ▶ 46:39 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 positive
Insight
MacKinnon: Technical founders working for sweat equity do not need to raise
“Where if you just have a developer who's on your founding team, kind of working for sweat equity, you can really do pretty well and you don't need to raise. Like you can get really far just with your own time, which isn't true in a lot of other industries.”
Ian MacKinnon Nov 25, 2024 ▶ 44:52 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 positive
Insight
MacKinnon: Incumbent Social Tools Stagnated by Staying Twitter- and Text-Centric
“If you looked at Buffer and Hootsuite, especially back then, they were very much designed for a Twitter-centric world. You know, everything is very tech space. Media is not the first class citizen where our product was very much media is the first class citize…”
Ian MacKinnon Nov 25, 2024 ▶ 30:46 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 neutral
Disclosure
MacKinnon: Later raised its seed round at a $6M pre-money valuation
“And from their perspective, you know, they got in at something like six million pre”
Ian MacKinnon Nov 25, 2024 ▶ 46:59 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 positive
Disclosure
MacKinnon: Blog Content Was Later's Best Channel to Attract Users
“What we found, like I said, was the blog was one of our best ways of bringing the right audience in, because you'd, you're searching for something”
Ian MacKinnon Nov 25, 2024 ▶ 24:00 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024
Assertion Not checkable as stated
Later's top early support ticket was auto-posting despite onboarding warnings
“In our onboarding, there were three touch points where we made it clear that this doesn't post automatically. You know, the key use point is schedule on the web. We'll get it to your phone just in time. Three points in onboarding, and still that was our bigges…”
Ian MacKinnon Nov 25, 2024 ▶ 13:42 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 bullish
Insight
Earning US dollars while paying Canadian expenses creates a resilient startup
“Like one of the things about having a company in Canada, you can run a lot, if your revenues in US dollars and your expenses are posted in Canadian, you can, you know, kind of be that cockroach that's hard to kill.”
Ian MacKinnon Nov 25, 2024 ▶ 47:10 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 negative
Insight
Selling a startup combines the worst parts of dating and home buying
“If you imagine all the worst parts of dating and all the worst parts of home buying and put them together, that's what selling a company is like.”
Ian MacKinnon Nov 25, 2024 ▶ 40:25 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 negative
Assertion Supported
Buffer users unwittingly posted pro-Russian propaganda after a 2022 hack
“Buffer had something similar but we kind of caught it before any later users were spewing out pro-Russian propaganda through their accounts. Like, Buffer had that problem at the beginning of the Ukraine war.”
Ian MacKinnon Nov 25, 2024 ▶ 41:21 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024
Insight
MacKinnon: Founders must document every contract and employee dispute for M&A
“So I think the big thing you have to anyone listening to know about the due diligence process is every contract you ever sign. Make sure you have that, like, some folder somewhere where everything gets stored, every little piece of information, every disgruntl…”
Ian MacKinnon Nov 25, 2024 ▶ 42:00 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024
Assertion Not checkable as stated
Later gathered 20,000 signups before launching
“We had 20,000 signups ahead of launch.”
Ian MacKinnon Nov 25, 2024 ▶ 11:29 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 neutral
Assertion Not checkable as stated
MacKinnon: Later reached $5M ARR with 30 employees by 2018
“By 20 18 energies at that point, we're probably like 30 people, probably five million in ARR.”
Ian MacKinnon Nov 25, 2024 ▶ 35:37 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 neutral
Disclosure
Rocketship VC Invested $200K in Later Before Incorporation
“I think it was only like 200,000 dollars, but what was interesting, it was from a firm called Rocket Should BC, and they found us. So they kind of modeled themselves as like a quantitative venture capitalist. So they just found us probably from product hunt or…”
Ian MacKinnon Nov 25, 2024 ▶ 23:00 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024
Assertion Not checkable as stated
MacKinnon: Later Grew 10% Weekly to 1,000 DAUs in Summer 2014
“By the end of the summer, I feel like we were at about a thousand daily active users, so in about a three-month span, we grew like that. I mean, we were growing like 10% a week”
Ian MacKinnon Nov 25, 2024 ▶ 18:43 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024
Insight
MacKinnon: Real Customer Feedback Only Begins Once You Charge Money
“You get the real feedback after you ask for five bucks, like whatever you're making, whatever you're building, once you ask for money, then people start talking about it seriously.”
Ian MacKinnon Nov 25, 2024 ▶ 20:05 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 negative
Assertion Not publicly verifiable
MacKinnon: Meta revoked Later's API access for 3 days in June 2018
“Like, I remember very clearly in June of 2018, we lost our API access, because this was right after that whole Cambridge Analytica fallout, where all, they got really particular about Users of their API being properly credentialed and verified, which is unders…”
Ian MacKinnon Nov 25, 2024 ▶ 36:39 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 positive
Assertion Not checkable as stated
Later added $1M in ARR per month during peak growth periods
“There were months where we were adding a million in ARR, which is crazy to think about.”
Ian MacKinnon Nov 25, 2024 ▶ 38:12 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
Nov 25, 2024 positive
Assertion Not checkable as stated
Later Hit $20K MRR in First Month of Monetization
“And we got, I mean, we had in that first month, 20 K of MRR.”
Ian MacKinnon Nov 25, 2024 ▶ 21:41 He hit $40M ARR, exited for over $100M—& raised only $1.5M. Here's how | Ian MacKinnon, Co-Founde... · PMF Show
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