Enplug reached cash-flow positive in 2016 with a founder-only board
Nancy Liu · 1046 She Controls WeWork TV Screens, Passes $4.8m ARR · Jun 5, 2018 · at 12:41
Nancy Liu, CEO of InPlug, discusses governance and funding history after Nathan Latka asks about investor pressure during board meetings.
0:00 / 0:09exact quote · 9.0s
720p mp4 · rendered on demand · StarZero watermark
“So it's kind of interesting because so we raised this one round of funding and then we became cashflow positive two years ago. And so the board is actually just myself and my two co-founders.”
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 Nancy Liu
Founders rarely have more than 50 productive hours weekly per company
“And oftentimes I don't think there are more than really like 40 or 50 hours of productive hours per week for a single company. And so I don't actually need to sleep that much. So I have a lot of extra hours that I can just divide between multiple things.”
Enplug powers all office screens across WeWork locations
“That's all us. All the WeWork screens you see, we power those screens we love. We work as a client.”
SMB clients take just as long to close as large enterprises
“So for the smaller businesses, they actually typically take just as much time to close the larger businesses.”
Liu advises founders against stacking multiple unconverted rolling notes
“Which is tricky, and I would not recommend it for other folks, which is why when I raised my money for the biotech company afterwards, we only took in one investor.”