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The Top 10 Things to Know Before Starting a SaaS Company

SaaStr

You really need a great CTO, not just a good business team. A mediocre tech team, a part-time CTO, or even just a decent CTO just doesn’t get you there. You have to hire so many functions in SaaS – VPS, VPM, VPP, VPCS, VPE, etc. It’s just too competitive today. Wait until you find a great partner here.

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What Order Should You Hire Your Management Team In?

SaaStr

ARR VPCS: $2m ARR VPP: $3m-$4m ARR VPE: $5m-$6m ARR CFO: $10m ARR COO: $20m ARR. No matter how great a hacker your CTO is. IME, rough order to make hires in: VPM: $0.2m ARR VPS: $1-$1.5m More here: [link]. — Jason BeKind Lemkin (@jasonlk) July 21, 2019. Enough to invest, but not enough to go crazy with. Wait longer?

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Bet On Up-and-Comers. But Add One Veteran For Each $10m ARR.

SaaStr

That CTO that doesn’t quite have the traditional background. ARR VPCS: $2m ARR VPP: $3m-$4m ARR VPE: $5m-$6m ARR CFO: $10m ARR COO: $20m ARR. The ones that will benefit from taking a risk on a less-proven team and brand. The director that wants a shot at VP. And that’s great. Just add 1 veteran leader each $10m ARR.