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331: Is Debt or Equity Financing Better? - with Brian Parks
Manage episode 436485447 series 3268689
EPISODE SUMMARY
Scaling a SaaS company is no small feat. The journey is filled with challenges, from generating leads to closing deals and building a robust sales team.
On a recent episode of Scale Your SaaS, host and B2B SaaS Sales Coach Matt Wolach sat down with Brian Parks, Co-founder and CEO of Bigfoot Capital, to discuss how SaaS companies can make strategic financial decisions to fuel their growth. Brian, with his extensive background in financial services and SaaS, shared valuable insights on choosing the right type of capital, the importance of alignment, and common mistakes founders should avoid.
PODCAST-AT-A-GLANCE
Podcast: Scale Your SaaS with Matt Wolach
Episode: Episode No. 331, “Is Debt or Equity Financing Better - with Brian Parks”
Guest: Brian Parks, Co-founder & CEO of Bigfoot Capital
Host: Matt Wolach, a top B2B SaaS Sales Coach, Entrepreneur, and Investor
Sponsored by: Leadfeeder
TOP TIPS FROM THIS EPISODE
- The Need for Strategic Capital
- Common Mistakes to Avoid
EPISODE HIGHLIGHTS
- When to Choose Debt Over Equity
- What Investors Look For
TOP QUOTES
Brian Parks
[03:25] "When you're considering funding, the first thing to think about is whether you want to give up equity or keep control by using debt."
[15:50] "Debt can be a great tool if you know your growth trajectory and have the revenue to support it. It’s all about understanding your risk tolerance."
[28:04] "One common mistake SaaS founders make is not aligning their funding strategy with their business goals. It's critical to have a clear plan and stick to it."
Matt Wolach
[12:11] "A lot of founders get caught up in the idea of raising as much money as possible without really considering the long-term impact on their ownership and decision-making power."
[21:33] "It's important to know when the timing is right for funding. If you rush into it, you might end up in a situation that’s not ideal for your company’s future."
LEARN MORE
To learn more about Big Foot Capital, visit: https://bigfootcap.com/
You can also find Brian Parks on LinkedIn: https://www.linkedin.com/in/parksbrian/
For more about how Matt Wolach helps software companies achieve maximum growth, visit https://mattwolach.com.
Head over to leadfeeder.com and sign up for a 14-day (no strings attached) free trial: https://www.leadfeeder.com/
Get even more tips by following Matt elsewhere:
232 episoder
Manage episode 436485447 series 3268689
EPISODE SUMMARY
Scaling a SaaS company is no small feat. The journey is filled with challenges, from generating leads to closing deals and building a robust sales team.
On a recent episode of Scale Your SaaS, host and B2B SaaS Sales Coach Matt Wolach sat down with Brian Parks, Co-founder and CEO of Bigfoot Capital, to discuss how SaaS companies can make strategic financial decisions to fuel their growth. Brian, with his extensive background in financial services and SaaS, shared valuable insights on choosing the right type of capital, the importance of alignment, and common mistakes founders should avoid.
PODCAST-AT-A-GLANCE
Podcast: Scale Your SaaS with Matt Wolach
Episode: Episode No. 331, “Is Debt or Equity Financing Better - with Brian Parks”
Guest: Brian Parks, Co-founder & CEO of Bigfoot Capital
Host: Matt Wolach, a top B2B SaaS Sales Coach, Entrepreneur, and Investor
Sponsored by: Leadfeeder
TOP TIPS FROM THIS EPISODE
- The Need for Strategic Capital
- Common Mistakes to Avoid
EPISODE HIGHLIGHTS
- When to Choose Debt Over Equity
- What Investors Look For
TOP QUOTES
Brian Parks
[03:25] "When you're considering funding, the first thing to think about is whether you want to give up equity or keep control by using debt."
[15:50] "Debt can be a great tool if you know your growth trajectory and have the revenue to support it. It’s all about understanding your risk tolerance."
[28:04] "One common mistake SaaS founders make is not aligning their funding strategy with their business goals. It's critical to have a clear plan and stick to it."
Matt Wolach
[12:11] "A lot of founders get caught up in the idea of raising as much money as possible without really considering the long-term impact on their ownership and decision-making power."
[21:33] "It's important to know when the timing is right for funding. If you rush into it, you might end up in a situation that’s not ideal for your company’s future."
LEARN MORE
To learn more about Big Foot Capital, visit: https://bigfootcap.com/
You can also find Brian Parks on LinkedIn: https://www.linkedin.com/in/parksbrian/
For more about how Matt Wolach helps software companies achieve maximum growth, visit https://mattwolach.com.
Head over to leadfeeder.com and sign up for a 14-day (no strings attached) free trial: https://www.leadfeeder.com/
Get even more tips by following Matt elsewhere:
232 episoder
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