Ep 193 Jared Fuller (Recovering) CEO of PandaDoc, a company that’s focused on making the digitization of documents a simply smooth process. Listen as Nathan and Jared talk about venture debt, the hidden value of recurring revenue, and Jared’s famous title of “Recovering CEO”.
Time Stamped Show Notes:01:05 – Nathan’s introduction to today’s show01:28 – Living as a “Recovering CEO”01:55 – Recurring revenue is the way to go02:09 – Screwed up lots of stuff, but that’s OK02:23 – MRR before everything crashed02:50 – Fought over stupid stuff that had nothing to do with getting customers03:20 – Make sure you start a company with someone who’s done it before04:12 – Get focused on getting shit done05:55 – Talking about PandaDoc—going after the document as a whole06:50 – How PandaDoc makes money06:55 – Panda could be profitable tomorrow if it wanted to be07:50 – Talking venture debt (Square1 and Silicon Valley Bank)08:12 – The revenue and books on PandaDoc are SO good venture debt made sense09:35 – 4% interest rate11:00 – People raise money in a short-sighted way—huge mistake11:45 – 25 team members in Belarus and 40 people in San Francisco13:20 – The library of free templates is the secret sauce of PandaDoc’s SEO success14:35 – The big deals are in outbound client acquisition15:40 – Jared@PandaDoc.com
Famous 5Favorite Book? – Leadership and Self-DeceptionWhat CEO do you follow?— NoWhat is your favorite online tool?— YesWareDo you get 8 hours of sleep?— NoIf you could let your 20 year old self know one thing, what would it be?—Understand the value of recurring revenue—stop relying on project based fees
3 Key Points:Recurring revenue is the key to happiness and success.Start a business with people you can REALLY trust and (ideally) people that have done it before.Do NOT raise money in a short-sighted way.
Resources Mentioned:Edgar – Nathan uses Edgar instead of other scheduling tools for Twitter because Edgar cycles through content over and over (buffer/others you have to re-input content over and over – time consuming). In the last several months, Edgar has driven Nathan over 3728 clicks that he didn’t have to work or pay for.Host Gator - Powerful web hosting made easy and affordable.Leadership and Self-Deception – Jared’s favorite bookYesWare -- The tool Jared couldn't live withoutSquare1 and Silicon Valley Bank – The big players in venture debt
CreditsShow Notes provided by Mallard Creatives
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