1:00- Origins and pre-Runscope
6:45- Fundraising and landing a Seed round
7:50- What was the goal when you started before you had a product?
10:06- Why to not raise a Seed round before you have built anything
12:00- “The best decision we ever made”
13:04- The pressures of certain situations makes for better business decisions
13:54- Seed to A round- What’s the next thing
15:12- Fast and furious series of meetings
16:19- “If you can identify a bubble, that’s an opportunity”
17:31- Playing all of our cards
18:28- The B round
20:44- Starting the sale process
21:30- Taking an objective look at the business in hindsight
22:50- Not an easy decision
24:10- Letter of intent to sell
25:40- Culture clash
27:41- Cutting costs
29:04- Layoffs and tough decisions
30:09- Keeping the business afloat with two people- John and Frank
31:26- Separating duties to sustain the business
32:30- Getting out of the black
33:27- Going from the stress of burning money to being profitable
34:33- Transitioning out of running the business with only 2 people
36:24- Hiring support and an engineer
39:50- Motivation to sell
41:35- Setting out to find another buyer
42:47- CA Technologies acquisition in September 2017
43:45- Emotional rollercoaster
46:09- A very good acquisition outcome
47:48- “Part of me wants to bootstrap next time”
49:46- Moving out of the Bay Area was not the end of Runscope
51:52- Developer tools and other industries of interest
54:33- Selling Runscope twice has allowed for a lot of experience in the process
How to reach John: Twitter
Table of Contents
More Articles
