Nadim Hossain, founder and Executive Chairman of BrightFunnel, breaks down the company's historical venture capital rounds leading up to their Series B.
0:00 / 0:14exact quote · 14.7s
720p mp4 · rendered on demand · StarZero watermark
“Within a classic seed round or angel round, we called it of 650 K. Then we did you know, classic real seed round of two and a quarter million dollars. Then we did a series A of six million dollars.”
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 Nadim Hossain
Insight
Hossain: Board members who refuse to consider exits should be fired
“Any board member that tells you they won't consider an exit is should be fired, right? Your job as a board member is to consider the value of the company. I'm representing every shareholder at this point, not just myself or the investors and employees. So you …”
Nadim HossainNov 27, 2017▶ 19:09856 SaaS: How Brightfunnel CEO Replaced Himself After Hitting $2m+ ARR, 45 Employees
Insight
Hossain: Founders who scale all the way are a rare breed
“The ones that go all the way and succeed, you know, you can pick your favorites, maybe Mark Benioff, very, very rare breed. It takes certainly a lot of skill and sort of a unique talent. So I think it is, you do need some self-awareness to know when someone el…”
Nadim HossainNov 27, 2017▶ 5:20856 SaaS: How Brightfunnel CEO Replaced Himself After Hitting $2m+ ARR, 45 Employees
Insight
Hossain: Startup founders should assume their company will be worth nothing
“Now, as a startup, as a founder, you should think of it as it's probably going to be worth nothing, right? That's the way to think about really any founder. You shouldn't be thinking about the outcome.”
Nadim HossainNov 27, 2017▶ 8:40856 SaaS: How Brightfunnel CEO Replaced Himself After Hitting $2m+ ARR, 45 Employees
Insight
Hossain: Early venture rounds cause ~30% dilution via investors and option pools
“In every round, you know, think of it as a 30% dilution event because your investor is you know, they want to own a certain percent of their company. That's usually about, you know, again, people give ranges of the series A level about they want to own 20% aft…”
Nadim HossainNov 27, 2017▶ 11:33856 SaaS: How Brightfunnel CEO Replaced Himself After Hitting $2m+ ARR, 45 Employees
Insight
Hossain: SaaS companies under $10M ARR typically see 12-to-18-month payback
“You want to be able to acquire in SAS a customer that's going to pay back over 12 months, ideally. At this stage, a little bit earlier you know you know, we're under ten million, I mentioned ARR, so typically, you know, if you're 12 months, you're doing really…”
Nadim HossainNov 27, 2017▶ 14:42856 SaaS: How Brightfunnel CEO Replaced Himself After Hitting $2m+ ARR, 45 Employees
Insight
Hossain: Tech founders should use domain expertise to trade public equities
“If you're building an expertise in a domain, in my case, it's SAS and sort of generally enterprise software, you probably know more about it than the vast majority of people. So while you shouldn't randomly be day trading, you probably have good instincts if y…”
Nadim HossainNov 27, 2017▶ 21:50856 SaaS: How Brightfunnel CEO Replaced Himself After Hitting $2m+ ARR, 45 Employees
Made with StarZero
Turn any episode into a week of clips.
This entire site, over 2,600 episodes transcribed, diarized, checked and made playable,
runs on the StarZero media pipeline. Drop in your own episode and the podcast clipper finds the
moments worth sharing, cuts them, captions them, and reframes them for every feed.
We use essential cookies to make the site work. With your permission we
also use analytics cookies (Google Analytics and Mixpanel) to understand
usage and improve StarZero. See our Cookie Policy.