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Thanks @imaginedragons for spending 393 minutes with me in 2022. I couldn’t stop listening to Believer. (Turns out it’s my kid’s favorite song!) #SpotifyWrapped https://t.co/1UmoqSG6FB
Recession looms. What should you do?
Lots of generic advice past month.
Ran an analysis on 23.2k subscription and SaaS companies, and here’s what I found.
Things will mostly be fine, but two data points are pretty scary (especially in consumer and soon B2B).
Let's ride 👇
FounderPath has been exactly the partner we’ve been looking for. We’re up 91% this year already, and able to keep the wheels on the bus thanks to non-dilutive capital. @FounderpathHQ
Yesterday we got a wire for $45k. Did we raise funding? No, we factored some of our MRR on @FounderpathHQ.
Factoring is basically getting a year's MRR upfront. It's great for bootstrapped businesses because of cashflow.
@MauryRubin@WillfulWills@getclearco@NathanLatka About two weeks ago(?) Clear is/was great for ad financing, particularly when we were fairly flat growth. Since hitting a decent growth rate, the repayment on Clear has been 2-3 months, which makes clear fairly expensive (for me)
@erinbury@bellastone@WillfulWills@getclearco For SaaS/MRR @NathanLatka ‘s Founder Path has proven to have better terms than Clearbanc (particularly if you’re growing). And the team at FP is exceptional. But yeah... options are few and far between.