Chainguard raised Series B in mid-2023 with two sales reps
Dan Lorenc · He quit Google with no startup idea, raised $50M from Sequoia with no revenue— & grew to 8 figure... · PMF Show · Oct 11, 2024 · at 26:43
Dan Lorenc, co-founder and CEO of Chainguard, recounts the timing and go-to-market headcount when Chainguard raised its Series B round in 2023.
0:00 / 0:08exact quote · 8.8s
▶ Watch the full episode on YouTube → 720p mp4 · rendered on demand · StarZero watermark
“When we did the series B, it was like Q two, Q three. We had just built a real sales team. We had like two sales reps. We brought in a sales leader. We had a good quarter. And that's when we did the series B right after.”
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 Lorenc
Lorenc: Chainguard has never used a pitch deck for fundraising
“We've never done a pitch deck even for the later rounds.”
Lorenc: Standard Docker Hub Python images carry 1,400 vulnerabilities
“Like the Python image, the most up-to-date Python image, if you're going to start writing Python code, and you grab that from like Docker Hub or something like that, it'll have 1400 vulnerabilities before you even start writing your code.”
Lorenc: Operating in stealth mode unnecessarily limits customer intros and investor interest
“The one thing I never understood is like the whole stealth thing of like, we're just not going to tell anybody what we're working on. It's like, I don't know why you do that. You know, if you're out there, people hear about you, they talk about you get more in…”
Lorenc: Google Cloud was 66% of Google's headcount when he left
“And so when I left, I looked back and it was like, Google Cloud is like, 66% of Google by headcount.”