105 - The $2M Never Came. The CEO Fired Everyone
What should a CEO do when the team and the offices are built for a $2M investment that never arrives? Asaf Darash faced that decision after spending about a year funding Regpack with his own money and loans while an angel investor’s committed $2M kept getting pushed back, until the investor went bankrupt. He had to choose between searching for new investors or bootstrapping, and he chose to cut the team from 12 or 13 people to 3 and spend a year working 14-hour days.
Asaf explains why he believed the technology had to prove itself for 400 organizations, not just 4, before taking outside…
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