This episode carries Eric Rea's own address, with nobody on the show putting
questions to them. It still counts as said, and it is kept out of every score on their page.
Podium CEO Eric Rea outlines why early-stage startups that lack technical depth must prioritize hiring an engineer over sales staff.
“And I think it's really important to hire an engineer first if you're not, if you don't already have engineering power because if you don't have a great product, you're kind of screwed even if you're great at sales.”
quote is from the automated transcript, cleaned for reading:
filler sounds and stutters are removed, nothing is rephrased. names can be misheard
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More from Eric Rea
Insight
Founders with PMF must demand VC partner meetings over analyst calls
“Once you have a vision, and once you have the product market fit, you need to, you will only get what out of your business what you expect of it. So if you expect only to ever talk to analysts at these firms, guess what? That's all you'll talk to. But if you d…”
Eric ReaSep 18, 2019▶ 19:54Going from $0 to $60M ARR in 4 Years with Podium CEO Eric Rea | SaaStr Software Community
Opinion
Non-Valley founders face a higher risk of quitting due to disbelief
“And so outside of Silicon Valley, I think that all of us here are at far more risk of quitting because people just won't believe in what we're doing.”
Eric ReaSep 18, 2019▶ 10:40Going from $0 to $60M ARR in 4 Years with Podium CEO Eric Rea | SaaStr Software Community
Opinion
To VCs, building in Utah is no different than Bucharest, Romania
“If you're in Lehigh, Utah, you may as well be in Bucharest, Romania when it comes to investors. Like, it doesn't matter. Once you're outside of the Bay Area, you're just outside, and there's nothing really matters.”
Eric ReaSep 18, 2019▶ 24:08Going from $0 to $60M ARR in 4 Years with Podium CEO Eric Rea | SaaStr Software Community
What-if
A $1M seed check in Podium would be worth over $200M
“The irony of that story is if that firm would have invested a million dollars into Podium at that time, today it would be worth over two hundred million dollars.”
Eric ReaSep 18, 2019▶ 5:07Going from $0 to $60M ARR in 4 Years with Podium CEO Eric Rea | SaaStr Software Community
Insight
Startups outside the Bay Area must fight harder for credibility networks
“Because we're not in the Bay Area, we are going to have to fight even harder to build a credibility network, and you just need it. You need to have people, you need to have investors, and you need, I think the first 25 hires that we made at Podium were, ah, re…”
Eric ReaSep 18, 2019▶ 16:30Going from $0 to $60M ARR in 4 Years with Podium CEO Eric Rea | SaaStr Software Community
AssertionSupported
Podium scaled from $0 to $60M ARR in four years
“In the past five years, my co-founder Dennis and I have built a SaaS company outside of Silicon Valley from zero to sixty million dollars of ARR in four years.”
Eric ReaSep 18, 2019▶ 0:58Going from $0 to $60M ARR in 4 Years with Podium CEO Eric Rea | SaaStr Software Community
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