Jordan Boesch, founder and CEO of 7shifts, reflects on advice received from SkipTheDishes co-founder Josh Simair regarding fundraising expectations and scale.
“Everyone sort of feels like I have to raise money to build a company. And it's, that's not true. The difference between like, oh, I want to build a million dollar company or a ten million dollar company or a hundred million or a billion dollar company. Like those are different. Those are just different mindsets and effort and all of these things. And I think that Yeah, I think that that's an important thing when people start thinking through what they want to build. Is you might think like, I want to build a massive company to you, a massive company might be like a ten million dollar a year company. Well, for the investor that's writing you a check, they need you to be a hundred million dollar company. And I think just like getting that, those incentives aligned, even if you do pursue that road is important.”
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Insight
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AssertionNot checkable as stated
Boesch: 7shifts now serves 1 in 10 US restaurant workers
“We're tens of millions in revenue. We're not we're not at a hundred million. But we've, yeah, we've got, you know, 50,000 customers on the platform. We're used by about one in 10 restaurant workers in the U.S. Right now.”
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AssertionNot checkable as stated
Boesch: 60% of new restaurant software users migrate from paper and Excel
“There's still, it's still, like, 60% of people come up from paper and excel, still.”
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AssertionNot checkable as stated
Boesch: 7shifts Drove Early Traffic by Owning 'Restaurant Scheduling Software' SEO
“There was no one talking about restaurant scheduling software. So like we just basically One of those keywords. We built everything around restaurant scheduling software and like everywhere. And so that drove a lot of early traffic for us.”
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AssertionPartly supported
Boesch: 7shifts was the first labor partner for major cloud POS platforms
“We were their first labor partner. And so we sort of wrote the playbook on doing these integrations.”
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