3 Things to Consider That Led to a $12M Series B with CEO Tim McCormick

Get Funded, Stay Funded

English - November 18, 2019 17:00 - 19 minutes - 18.2 MB - ★★★★★ - 63 ratings
Investing Business Entrepreneurship saastr tim ferris drift vc20 dave gerdhart saastock hbr p&l dave ramseysoftware b2b Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed

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On this episode, we sit down with Tim McCormick, CEO of SaaSOptics. Tim has 30+ years in the software business - leading sales and marketing teams. He has been apart of 2 successful exits - 1 with Internet Security Systems (ISS) in 2006 sold to IBM for $1.3B (lead global marketing) and the other was JouleX in 2013, sold to Cisco for $107M (lead sales & marketing). He joined SaaSOptics as 8th employee in 2016 as CEO, led our Seed, Series A, and Series B rounds.

What we cover: The three things to look for in raising a healthy round of funding? Why going for the biggest valuation doesn't always make the most sense for your business? Why different businesses have different size rounds of funding? Best practices to follow when raising your next round. And a bonus question about the hoildays.