Concerns of a Seed Stage SaaS CEO
I just found this draft Word doc sitting in a Dropbox folder from December 2013 when I was CEO of Brandfolder, figured I’d post it. That way I can feel good about deleting the file.
I wrote this 5 months after we launched our product in beta. I find it interesting that I didn’t write in a more self-doubtful tone (maybe a defense mechanism). I lasted about 3 months more before being replaced as CEO, which was the right call for the business.
11:22pm, I was lying in bed, and my mind was racing.
It’s 11:44, I’m back at my laptop
It’s time for some therapy
Here’s what I’m thinking about:
Our runway and the tough prospect of getting more capital
Our lack of traction
Our lack of product market fit
Is it because?
Our product is not differentiated enough
It’s only a nice to have, need a MUST have
Our messaging is missing the mark and we need better copywriting
We just have no awareness and no clue how to generate it in any sustained fashion
Our existing users are all across the board without significant commonalities (software, CPG, healthcare, agencies, non-profits, individuals, many others)
Varying engagement with, understanding of and value derived from our product
Our predecessors that have seemingly attempted what we’re attempting have static websites and dormant social profiles
And why have?
I waited months to reach out to them to ask why they’ve moved on