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Before I joined the venturecapital industry many years ago, I was a softwaredeveloper, and I worked for a startup around the 2000 time period. Retail was mentioned twice, that’s it, and AWS was mentioned 78 times, so it’s probably not surprising that they’re doing this. How long can this last?
In this post I’m going to share the most important lessons about growing a SaaS business that I learned at Buildium—collectively, these things had an awful lot to do with the company being valued so highly. Venturecapital is a tool and a commitment, not an outcome. How the hell does that happen?
Let’s start with probably the most familiar scenario - I was working at a tech company, with top tier venturecapital investors. The tech companies that I cited in my examples above all practiced agile softwaredevelopment, for example. We don’t have any agreed upon budgets, or any sales reps with quotas.
Alf Ruppert Yes, it started because I know the very first piece of software we did for Daylite was to connection for phone systems, so that you can push a button and then call out or if somebody’s calling in, you can see which customers calling in. And the problem was, I have no clue in softwaredevelopment.
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