Originally posted on Medium, this is the second in a series of interviews with a variety of SaaS founders who have successfully made their first $500k in ARR (Annual Recurring Revenue). As I mentioned in my last post, I’ve seen many people write about how to scale from $1M in ARR to $100M in ARR, but I haven’t seen much written about the grind of getting started and getting to your first $500K. The founding story and the scrappiness of getting your first customers is different for each company and I wanted to tell those stories. My hope is that
This post was originally written by Michael Cardamone on Medium. I’ve seen many people write about how to scale from $1M in ARR (Annual Recurring Revenue) to $100M in ARR, but I haven’t seen much written about the grind of getting started and getting to your first $500k in ARR. The founding story and the scrappiness of getting your first customers is different for each company and I wanted to tell those stories. My hope is that we can pull out key insights and some commonalities that others can use for their own businesses. I’ll be interviewing SaaS founders who
Time flies when you’re having fun! It seems like yesterday that we launched our 1st cohort in SF and now we recently kicked things off with our 4th cohort. Below is more information on the companies in our 4th cohort, which will run until the end of May. Three of the companies in this cohort are from the Bay Area, the rest are from Cincinnati, Chicago, Pittsburgh, Washington D.C. and India, representing a geographically diverse group. We are excited to be working with these 8 teams! Baloonr makes it possible to anonymously surface and prioritize information from any group. Their app removes
Hiring your first salesperson is a momentous point in any startup’s life. It’s also a decision filled with big decisions. In my role at Acceleprise, I get asked this question a lot by early stage founders. Hire too quickly? You’re plowing money into an employee who’s destined to fail. Hire too slow? You’ve wasted time while your competitors are scaling quickly. Timing is Everything When your company is early, generally the first handful of customers should be closed by you, the founder. You are the chief salesperson. It’s your responsibility to know what’s working and what isn’t. These initial meetings will help
We are excited to open applications for Cohort 4, which will start in January 2016, and have decided to change our initial investment from $30K for 5% to $50K for 5% moving forward. We made this change for a couple of reasons: Many of the companies we end up investing in have 3+ people on the team and $30K is often not enough to cover expenses during the 4 month program, especially with cost of living so high in San Francisco. It allows companies at this early stage to spend a little bit less time fundraising, which means they have that much more time
After launching Acceleprise SF last summer and announcing our first fund earlier this year, we are excited to announce our 3rd cohort of companies in San Francisco. From the 1st cohort to this one, we have seen applications increase by 2.5 times and have been even more selective, only accepting about 3 percent of the companies that applied for cohort 3. As we continue to build our brand and network in San Francisco and as opportunies for SaaS based businesses continue to grow, we are seeing a stronger demand from SaaS entreprenuers who are looking for a more focused and hands
The size of seed rounds are growing as seen in Mattermark’s recent investment report, which has brought on the rise of pre-seed funds looking to be the first money in to a startup before they raise a $2M+ seed round. Many people have written about this recently, including Manu Kumar from K9 Ventures in his post ‘The New Venture Landscape‘ and Ezra Galston from Foundation Capital in his post ‘A Pre-Seed Primer.‘ Below is a list of pre-seed funds that appear to invest in SaaS companies (among other areas). It’s a work in progress, so please add a comment or ping us
Today we announced the close of our first fund in San Francisco on TechCrunch. We are also very excited to announce the 10 companies that are part of our 2nd cohort here in San Francisco. We have spent the last 3+ months working closely with all of them and are impressed with what they are building. The companies below will present as part of our Demo Day on May 18th, 2015. Accredited investors interested in attending can email us at mike at acceleprisesf dot com. AdHusky provides an automated Facebook ad solution for SMB’s via partnerships with Eventbrite, Yahoo, WIX and more.