Disclosure certainty 4/5 debate potential 2/5

Patankar: Process Street prioritizing conversion infrastructure before top-of-funnel marketing spend

Vinay Patankar · 706: This 31 Year Old Raised $1.3M To Help You Be More Efficient · Jun 30, 2017 · at 9:32

Vinay Patankar, CEO of Process Street, explains his marketing and sales capital allocation philosophy to Nathan Latka.

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“So we're kind of, we're investing deeper in the funnel versus investing at the top of the funnel because until our whole sales infrastructure is, is really strong, we don't want to continue pouring money in, in, in, in the top of the funnel.”

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Disclosure
Patankar: Process Street targets 2018 Series A at $1.5M-$2.5M ARR
“So we want to raise an a round say kind of Q on Q two next year. And the typical range for that is, you know, 1.5 to 2.5 ARR. Kind of for a rounds at the moment. So that's kind of the range of our target.”
Vinay Patankar Jun 30, 2017 ▶ 13:04 706: This 31 Year Old Raised $1.3M To Help You Be More Efficient
Assertion Partly supported
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“I believe angel pad has changed it many times over their cohorts, but when we did, it was like, Six for 55. So six percent for 55 K. Yep.”
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Assertion Supported
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Vinay Patankar Jun 30, 2017 ▶ 6:11 706: This 31 Year Old Raised $1.3M To Help You Be More Efficient
Disclosure
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Disclosure
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“It's about a 150 dollars right now.”
Vinay Patankar Jun 30, 2017 ▶ 8:35 706: This 31 Year Old Raised $1.3M To Help You Be More Efficient
Disclosure
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“That's our average, average deal size, but our minimum is, is a one seat user, which is a 150 bucks.”
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