The Highs and Lows of Fundraising with Founders of Expensify, LaunchDarkly, Coda, and SaaStr


27-04-2022 • 48 mins

On this episode of the Traction podcast, host Lloyed Lobo of Boast.AI features a panel he moderated at the recent SaaStr Annual Conference with the founders of Expensify, Coda, LaunchDarkly, and SaaStr.


Shishir Mehrotra, Co-Founder and CEO, Coda

Edith Harbaugh, Co-Founder and CEO, LaunchDarkly

David Barrett, Founder and CEO, Expensify

Jason Lemkin, Founder and CEO, SaaStr

You'll hear about the highs and lows of fundraising, working with a VC board, and real talk about what it really is like to be a true founder.

Specifically, they cover:

1:30 - How founders should approach valuations

5:48 - Jaw-dropping BVP Cloud 100 statistic

7:14 - When is the right time to fundraise?

12:59 - The sameness of big company culture

19:35 - How much money do you want to take during a secondary round of fundraising?

24:25 - What type of revenue do you need to get series B or C seed in the market?

36:33 - Taking advantage of founders who have their own funds

47:18 - The best way to build relationships with VCs

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This episode is brought to you by:

Each year the U.S. and Canadian governments provide more than $20 billion in R&D tax credits and innovation incentives to fund businesses, but the application process is cumbersome, prone to costly audits, and receiving the money can take as long as 16 months. Boast automates this process, enabling companies to get more money faster without the paperwork and audit risk. We don’t get paid until you do! Find out if you qualify today at https://Boast.AI.

Launch Academy is one of the top global tech hubs for international entrepreneurs and a designated organization for Canada's Startup Visa. Since 2012, Launch has worked with more than 6,000 entrepreneurs from over 100 countries, of which 300 have grown their startups to seed and Series A stage and raised over $2 billion in funding. To learn more about Launch's programs or the Canadian Startup Visa, visit

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