Founder Views

We started our SaaS near the beginning of a tech-craze in 2008-09, where a lot of big companies and apps were popping up that were starting to kill it. These companies included Airbnb, Tumblr, Spotify and Groupon, to name a few. During these years, I noticed a peculiar trend that was happening. There were several companies who weren’t focusing on making money and being profitable. Instead, their focus was on pitching to investors and securing that seed or venture round. At that time, it was almost as if the only way to validate your business was to get funding. Securing investor funds was considered a huge win in the tech world, and young entrepreneurs were seeing that as a road to riches. Instead of focusing on matters such as profit margins, keeping costs low, and being cash flow positive, many of these companies were focused on metrics such as runways and burn rates. These companies were so fixated on spending as much money to grow their businesses and trying to secure that next round of funding, where the