Phil Reynolds

7 statements across 1 episodes · 1 bullish · 2 bearish · 1 people on the record · first statement Oct 3, 2022 by Phil Reynolds · across every show →

On the record as a speaker too: Phil Reynolds's record, appearances and statements → this page counts the times other people say the name.

Everything said about Phil Reynolds, oldest first

Oct 3, 2022
Assertion Not checkable as stated
Reynolds: 150 former engineers requested to join DevStride when hiring opens
“I have several hundred engineers that were on my payroll before and a 150 of them have reached out and said, Hey, as soon as you can hire me, please do.”
Phil Reynolds Oct 3, 2022 ▶ 20:21 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week
Oct 3, 2022
Disclosure
DevStride split equity 50-50 between cash-funding and engineering co-founders
“And so the way we set it up there's myself, my wife Kui Tim Hoja and another gentleman, Aaron Salaf, who are the founders. There's four of us and the two of us kicked in the cash. We took 50% of the equity. The other two of them really brought a lot of additio…”
Phil Reynolds Oct 3, 2022 ▶ 16:31 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week
Oct 3, 2022 negative
Insight
Reynolds: Enterprise software cannot be effectively built with small bootstrapped teams
“Those enterprise customers need enterprise features and it's just really difficult to build that with, you know, two or three people bootstrapped in a garage somewhere. You need real, you know, professionals with real resources, real access to customers.”
Phil Reynolds Oct 3, 2022 ▶ 2:50 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week
Oct 3, 2022 negative
Disclosure
Reynolds: DevStride keeps software development fully in-house at early stage
“Development we keep totally in house. I do not fully trust development to go out the door at this early stage.”
Phil Reynolds Oct 3, 2022 ▶ 20:07 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week
Oct 3, 2022
Disclosure
Reynolds: $500,000 angel check was 5% to 10% of liquid capital
“That's probably, that's five to 10% of the total amount of liquid capital I have available.”
Phil Reynolds Oct 3, 2022 ▶ 15:10 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week
Oct 3, 2022
Assertion Not checkable as stated
Reynolds: BriteCore grew from $900k to $20M ARR after raising capital
“Before the first dollar of external capital, we were up to about 900,000 a year in ARR. And then you know, we raised that money, took it to about five million and then went from five million to about twenty million and cutting into the series B.”
Phil Reynolds Oct 3, 2022 ▶ 2:14 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week
Oct 3, 2022 bullish
What-if
Reynolds: BriteCore would have scaled faster by raising venture capital earlier
“What I learned at the end of it, by the time I went and raised money was boy, I could have got a lot done a lot faster. Had I just gone out and raised money to begin with.”
Phil Reynolds Oct 3, 2022 ▶ 1:20 How he closed $3.3m Seed (sold 25%) for Agile Management Tool Last Week
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