Founderpath

Raise $10k-$1m in 72 hours, free revenue analytics

Use the SaaS Funding Calculator on Founderpath.com to see how much money you could get without giving up equity. Free analytics too!
We’ve already done 6 deals for $1m+ to help bootstrapped SaaS founders drive growth 🚀
discussion
Would you recommend this product?
40 Reviews4.1/5
Nathan Latka
Maker
Helping founders get capital
hi PH! @mubashariqbal and I built the Founderpath free capital calculator to help SaaS founders raise money without giving up equity. We also built in a bunch of free analytics for founders who don't want capital, but want to better understand their numbers. 9 years ago, I rushed the newspaper stand so fast people thought I was running to pick up a million bucks. … $2m actually. The headline I cared about so much was finally here “Latka raises $2m from Forbes Billionaire” was blazed across the top of the paper in 36px Times New Roman font. (I was so silly, I framed it :/) I was 21, building my first SaaS startup in my Virginia Tech dorm room, and was about to get a tough lesson in how VC works. I had bootstrapped the company to $50k in MRR and though this funding would solve all my problems. You can guess what happened next. I had to turn down an acquisition offer that would've made me “well off” at the ripe age of 22. VC’s wanted me to “go for a billion!” Our board meetings sounded like: “Spend more money faster to grow!” But I could see our cash declining, we’d need more money if I spent faster. I liked profits and not “go go go”. Revenue flatlined at $90k/mo (shot from our April 2012 board deck): Ultimately I sold the company at a loss in 2015 (Heyo.com if you want to check it out, new owners took great care of it!). That same year, I was determined to learn from as many CEO’s as I could to make sure I knew as much as possible before launching my next venture. So I launched a podcast and got 20 minutes with Eric Yuan at Zoom, Henry at Zoominfo, Jay president at Atlasssian, Sid founder at Gitlab and so many more. Yesterday I recorded our 2,783 interview. All SaaS CEO’s. Between 2015 and today, those founders have asked me to help them raise $120m+ capital for their business….. But most of it wasn’t VC. It was debt. Starting when Salesforce went public in 2004, the world has started to understand “SaaS metrics”. PH's know 45% annual churn is bad and a payback period of 24 months doesn’t usually work. These standard metrics have enabled companies like Lighter Capital, SaaS-Capital, and others to lend money to software founders. After helping dozens of founders raise, analyzing term sheets with them, it became clear that these things were complex and many times required a small legal and accounting army to undrstand. The cost of capital for many of my founder friends could be extremely high (20%+ in many cases). ...especially when pre-payment penalties, warrants, advance fee's or strange covenants kicked in. Today, Mubs and I are launching Founderpath to help founders (mostly bootstrapped) get capital without giving up equity. We hope that founders building healthy companies, will use Founderpath to get capital without having to manage a board, no personal guarantees, and without having to “grow at all costs”. Now we’ve productized the calculator so you can quickly see terms without having to pay loads to your lawyer/accountant. To see how much you could get, and at what cost, try the calculator out at Founderpath.com We've tried to make it super transparent :D Anyways, Mubs is up in upstate NYC and I’m finishing my "super coffee" here in Austin texas this am. Plan to stay inside most of the day as its about 101 degrees out. (Aug is brutal) We'd love any comments/reviews. 🎉
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Adam Marx
Networking consultant and music addict
This is really cool to see @nathanlatka! I was just chatting with @mubashariqbal and he mentioned that we'd be seeing an interesting launch today, so I'm stoked to see something that really helps founders dig deeper into the SaaS funding world. It's gonna be interesting to see how this concept evolves; I think it indicates a possible growing space for a number of new ideas to be explored. Awesome job!
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Mubashar Iqbal
Maker
I design, I develop, I make.
@nathanlatka @adammarx13 Thanks Adam had great fun building Founderpath, and excited to see how people use it!
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Nathan Latka
Maker
Helping founders get capital
@mubashariqbal @adammarx13 we're both really excited to get more options out for founders. thanks for the kind words!
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Adam Marx
Networking consultant and music addict
@mubashariqbal @nathanlatka Me too! Will keep an eye on it throughout the day, cheers guys!
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Tem (optemization.com)
chief optemizer
@mubashariqbal @nathanlatka this might be the best intro story on PH i've seen! LFG!
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Andrew Gazdecki
Inc. 30 under 30 Entrepreneur
Congrats on the launch @nathanlatka - excited to see you reshape this market!
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Nathan Latka
Maker
Helping founders get capital
@andrewgazdecki the man himself! thanks Andrew 🙌
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Debdut MukherjeeMarketing Strategist
Couldn't think of a better person than @nathanlatka to do this. 🙌
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Nathan Latka
Maker
Helping founders get capital
@debgotwired me + superhuman @mubashariqbal + (You?!) We're hiring!
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Mubashar Iqbal
Maker
I design, I develop, I make.
@debgotwired @nathanlatka Definitely plenty of work, come join the fun!
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Debdut MukherjeeMarketing Strategist
@nathanlatka @mubashariqbal Let's do it! Emailing you.
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This looks fantastic @nathanlatka -- huge need for this and I can't wait to see it take off!
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Nathan Latka
Maker
Helping founders get capital
@geige we're going to have a great show today. :) cant wait to test new 1080!
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Dragos IvanovBuilding @ Apptegrity.io- IAPN
Great story @nathanlatka . Yesterday, I listened to a 2014 podcast appearance you made, and was wondering what happened with Heyo. Anyway good luck with this new product!
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Nathan Latka
Maker
Helping founders get capital
@ivandrag yup we sold it. thanks!
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