Episode 727 | Gymdesk Sells for More than $32.5 million, Hiring Gets Easier, and More Hot Take Tuesday Topics

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Aug 20, 2024

Tracy Osborn, a startup expert, and Einar Vollset, a seasoned entrepreneur, dive into Gymdesk's impressive $32.5 million funding achievement and what it reveals for TinySeed companies. They discuss the shifting landscape of hiring for bootstrap companies, particularly as monthly recurring revenue (MRR) increases. Tracy and Einar highlight essential strategies for identifying impactful business metrics, emphasizing the need for adaptability and innovation in scaling businesses. They also explore how hiring the right senior talent can be a game-changer for growth.

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ANECDOTE

Gymdesk's Success Story

TinySeed company Gymdesk sold for over $32.5 million after raising money only from TinySeed.
This demonstrates the potential of B2B SaaS companies, even smaller ones, to achieve significant valuations.

INSIGHT

Private Equity for SaaS

Many founders are unaware of private equity as a funding option beyond VC.
Growth capital funds are interested in investing in SaaS companies exceeding $1 million ARR.

INSIGHT

Vertical SaaS Advantage

Vertical SaaS and orthogonal SaaS offer significant opportunities for founders.
Evaluations can be higher than horizontal SaaS due to specialized markets and less competition.

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In episode 727, Rob Walling is joined by Tracy Osborn and Einar Vollset to give their hot takes on some recent news. First they celebrate Gymdesk’s recent funding and evaluate what that means for TinySeed companies. Then, they weigh in on bootstrapper hiring, grappling with new challenges as MRR grows, and how to really move the needle in your business.

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Topics we cover:

2:19 – Gymdesk Announces a $32.5 Million Strategic Growth Investment
9:06 – Is it getting easier for bootstrappers to hire?
12:22 – Facing different challenges as MRR grows
19:37 – Identifying what really moves the needle
23:56 – Listen to those who have built businesses before you

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If you have questions about starting or scaling a software business that you’d like for us to cover, please submit your question for an upcoming episode. We’d love to hear from you!

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