Treffler admits excess IPO capital caused bootstrapped Pegasystems to waste money
Alan Treffler · 1188 Pega About To Hit $1B in ARR as 30+ Year "Overnight Success" · Oct 25, 2018 · at 7:26
Alan Treffler, founder and CEO of Pegasystems, reflects on the negative consequences of raising public capital too early after bootstrapping.
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“And the trouble with that is obviously introducing too much public market money into a firm that's accustomed to boot scrapping entirely and accustomed to a different go-to-market model led us and gave us the opportunity to frankly waste a lot of it.”
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