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A Look Back: How $13 Billion Ramp Began To Scale with Co-Founder and CTO Karim Atiyah

SaaStr

Co-founder and CTO Karim Atiyah came to SaaStr Annual to share how they got this rocketship … off the ground. Market Selection: Tackle Problems with High Barriers to Entry The financial services industry presents massive barriers to entry most successful banks are centenarians, with some like Ax being over 160 years old.

CTO Hire 202
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My Top Financial Mistakes as an Entrepreneur. That Cost Me Millions.

SaaStr

Worked out great for my CTO who stayed (proud of him), but if things were structured differently, I would have made nine figures just staying. Hiring a controller that didn’t care. I avoided this mistake for my first two-startups, but then made it several times after. Getting complacent when we had a lot of cash in the bank.

CTO Hire 267
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What Order Should You Hire Your Management Team In?

SaaStr

IME, rough order to make hires in: VPM: $0.2m He asked which to hire first. If you have a few nickels in the bank, and you somehow find a great VP a half stage or even full stage early, just hire her. Hiring is so hard as it is. Make the hire now. ARR VPS: $1-$1.5m More here: [link].

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10 Things That Would Have Helped Me Go From $1m to $10m Faster with Less Stress

SaaStr

These are all full-time jobs by $1m ARR. Fixing it yourself becomes the biggest time sink and excuse for not hiring there is. You end up spending all your time backfilling roles you should have hired. And even worse, you often sort of give up trying to make the hire. And hire against it. More here.

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30+ Tough Learnings from Losing a Top Customer

SaaStr

You have to be careful to pair that with someone strong to manage the relationship, that has more time and that also can be trusted. As a founder, you’ll just run out of time to properly manage key customers and partners yourself. Hire that person, and make sure they are someone the top customers can really trust and count on.

CTO Hire 318
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AMA at SaaStr Annual 2022 with SaaStr Founder & CEO Jason Lemkin – Part 1 (Pod 607 + Video)

SaaStr

Your core models for sales, for marketing spend, for hiring and engineering and product. And I get a call on my phone from our bank, Citibank, Greg, my banker, for years through 2008, like, “Greg, how you doing? Citibank’s the largest bank in the world?” Do I put it in Silicon Valley Bank?

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What are the biggest mistakes first-time startup founders make, and how can they be avoided?

SaaStr

Not hiring a good enough CTO. If your cash needs to last 24 months, then scrutinize every bank statement and every expense. A bit more here: Why There Is a 50/50 Chance You’ll Tilt Upmarket in SaaS | SaaStr. SaaS is so competitive these days. The most agile teams win. Not managing the cash burn with extreme precision.