The company was 3 million a year in recurring revenue US had 90 percent customer retention. The founder Marko is actually become a friend of mine. About a year ago I met a company called PowerDrive which sells a CRM solution to the auto mechanic space. Grab your tickets! □Īlex Western – Managing Director at Think3 Alex suggests different approaches on handling overgrowth and how smaller-valued exits might be the best strategy long-term for both founders and VCs.Īlso, if you didn’t attend SaaStr Europa, we’re doing it bigger and better in June 2019. Because VCs want to make 15x on their investments, founders aren’t realizing that overgrowth is actually dangerous for their companies. Overgrowth normally happens because of misalignment in VC initiatives and founder initiatives. Alex Western, Managing Director at Think3, talks about the problem he has seen consistently across SaaS startups that have VC funding – overgrowth.
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