The Foundr Podcast with Nathan Chan cover image

447: How Suneera Madhani Trusted Her Intuition and Built Stax into a Unicorn Startup

The Foundr Podcast with Nathan Chan

00:00

Is This Pandemic?

The board thought we were, you know, Sal and I were immature. And they all, we all meet in our office in Orlando. This is pre, pre pandemic. And it was a shit show of a board meeting. We decline the offer that we had on the table. And we continue to power through. There was a point in the company where we had absolutely no money left in the bank but ended up getting that next fund raise term sheet for 50 million. They're shortly right after. The following rounds, I'm like skipping of like the year after or the two years after ended up doing a private equity deal and they ended up buying out our first initial investors that wanted

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