A Product Market Fit Show | Startup Podcast for Founders
This 1st-time founder raised $4M, kept the team to 5 people—& just raised a $28M Series A. | Parker Gilbert, Co-Founder of Numeric
Oct 31, 2024
Parker Gilbert, Co-founder of Numeric, transitioned from VP Finance to startup founder, successfully raising $28M in Series A funding. He shares insights from keeping a lean team of five and prioritizing customer value over rapid growth. Parker discusses the benefits of monthly payments for feedback and engagement, and the importance of achieving product-market fit before scaling. He emphasizes solving real customer problems and maintaining a clear ROI to drive success in a competitive accounting landscape.
37:39
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Quick takeaways
- Parker's focus on maintaining a small team allowed for deeper customer engagement and continuous product refinement, ensuring strong product-market fit.
- The strategic choice of monthly payments instead of upfront contracts facilitated ongoing feedback loops, driving product improvements and customer satisfaction.
Deep dives
Successful Funding Journey
A first-time founder successfully raised a $28 million Series A funding round, highlighting the impressive growth trajectory of his company, Numeric. This venture initially began with a $6 million seed round and subsequently a $4 million funding in the early stages. The founder attributes his success to a combination of strong mentorship, careful planning, and product-focused strategy that resonates with market needs. Near the conclusion of this fundraising phase, it became clear that building solid relationships with investors played a key role in securing necessary capital.
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