The SaaSiest Podcast
124. Cedric Notz, CEO & Founder, Float - What is Revenue Based Funding and why its a good alternative to traditional funding?
Jan 30, 2024
Cedric Notz, CEO & Founder of Float, discusses Revenue Based Funding and its benefits for SaaS companies. They provide non-dilutive growth funding up to 70% of ARR. Topics include the process of obtaining a Revenue Based loan and key SaaS metrics. Cedric also shares his journey from skiing to FinTech and the importance of discipline in sports and business.
44:17
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Quick takeaways
- Float offers revenue-based financing as an alternative to traditional funding methods for SaaS companies, allowing them to get capital quickly without giving up equity.
- Trust is crucial in revenue-based financing, and Float builds trust by connecting to companies' data sources, maintaining client privacy, and delivering on promises.
Deep dives
The Importance of Discipline and Perseverance in Building a Successful SaaS Company
To be a successful founder, discipline and perseverance are key. Building a SaaS company is a rough ride, with ups and downs, and founders must keep fighting even when it feels like giving up. Skiing taught Cedric Knott's, the CEO and founder at Float, the importance of discipline and pushing through challenges. He applies these principles to his business, which is focused on providing fast and efficient funding to SaaS companies. By extending the runway through loans, founders have the opportunity to maximize the value of their shares and own more when they sell their companies.
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