BlackLine founder Therese Tucker discusses the benefits of bootstrapping the enterprise software company before taking outside capital.
Insight
Tucker: Delay Raising Capital to Preserve Control and Focus
“So it's not like you can do them both at the same time and get the same results. Nobody has that kind of bandwidth. All right. So if you've got the opportunity, if you can not take the money, wait as long as you can.”
Insight
Tucker: There is no universal startup playbook; what works for one sinks another
“If there was a playbook that worked for everybody, then everybody would go out and make a gazillion dollars, and we'd all be happy. But, it's not like that. Companies are like people. They have a unique DNA. They have a unique culture. What might work beautifu…”
What-if
Tucker: BlackLine would be dead if she took early bad VC advice
“Had I taken that advice, I doubt, and money, I doubt that Blackline would be here today.”
Insight
Tucker: Startup hiring forces a trade-off between cost, talent, and eccentricity
“If you go with good, but they're not cheap, alright, guess what? You're gonna run out of money. If you go with cheap and not crazy, your product is gonna suffer, ok?”
Assertion Not checkable as stated
Tucker: BlackLine Received 14 Sealed Buyout Offers During PE Sale
“We had 14 offers sealed offers, and so it was a real process, and we did not, I did not have that level of conversations with all of them, but there were several.”
Insight
Tucker: Hiding Company Flaws Never Pays and Stems From Insecurity
“It never pays and most people hide it out of insecurity.”