Sanwal: CB Insights prioritized governance and liquidation terms over capital
Anand Sanwal · EP 437: SaaS $10m Raised, $8m+ 2015 Revenue, The Algorithmic Mckinsey with CB Insights CEO Anand Sanwal · Oct 4, 2016 · at 17:42
CB Insights CEO Anand Sanwal explains their fundraising strategy and how not needing capital allowed them to protect founder control.
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“So, you know, because we didn't need the money. I think we optimized a lot for kind of, you know, we're going to run the, we want to continue to run the business. We've, the way we've run the business. And so other terms that I think sometimes get put into these contracts when it came Or into term sheets, we were pretty adamant around, you know, control and liquidation preference and other things that would be that would be very kind of in line with it being sort of still very founder-led as a company.”
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