Sign In

Perry Evans

General Manager And President, Evercommerce

Highlights

Jul 2 · linkedin

I'm signed up to help out at Montreal Startup Fest next week.

I would love to catch up if you're there!

I'll be doing the Accelerator Fest event and at the Fest both Thursday and Friday 11th-12th.

https://lnkd.in/gN_Zur9E

Sep 16 · linkedin

So, it's a bit flippant to say "there's never been a better time to do a start-up".

But I'll say it. Let's examine that thesis.

  • When the largest buyers of start-ups signal that they are hunkering down and more focused on their core business, they are ultimately creating room in 3+ years to start "catching up" again through M&A. Ahem, Google.
  • When VC funding moves into analysis paralysis and only the most proven models with the most proven teams have a shot at getting funded - the competitive spaces open up to new entrants. This also usually operates in a 2-4 year opportunity gap cycle.
  • When irrational exuberance collapses [I'm looking at you, Web3 opportunist pretenders), the pullback tends to operate like a pendulum - people run the other way, glancing back. Those investors that took the bait in peak hyperbole are just dusting off the equity reset playbook. They'll be damaged, but will be just fine. They will just ignore incoming inquiries based on "hey, you funded the squirrel monkey NFT app, so you GET me".

The obvious challenge is how to get access to capital when it feels like a year of Augusts [the cycle when VCs refresh their AllBirds orders and admire their windsurfing Instas while their favorite new virtual assistant nurtures you].

Of course, VC investing in new start-ups isn't dead - it's just resting in an Ice Bath, while it deals with the wall of noise that low supply - high demand creates. And it's leaning in on the adaptive actions needed in the current portfolio. So, for the most part, you're likely being put into the low impact deal flow, aka analyst nurturing. Of course some will get through, but your odds are an order of magnitude smaller than in 2021.

With this reality, Bootstrapping moves more into the forefront. The good news is the evolution of this model is getting more and more interesting. The pioneering work of Bryce Roberts with his indie.vc (RIP) was inspiring to be connected into as a Scout, and the infectious hustle culture of Nathan Latka and his Founderpath model deserve attention, esp. in SaaS/B2B.

As Bryce and Nathan would undoubtedly support - bootstrapping has never been more viable and exciting - and (my point) getting to the other side of this phase will deliver you into a catbird position opportunity in a couple of years.

Building a quality start-up - one that systematically stays really close to customers [with ears > mouth], walks the walk on MVP discipline, and only plunge deep when you can deliver true value and crack the code on channel scalability - should always be where you start.

What I've really learned to appreciate/respect about bootstrap paths is that the role of the founder is way MORE tuned to the performance with customers, market, their teams, and way LESS distracted by the constant need to gain the attention of venture investors and diving down industry network sinkholes.

#bootstrapping #startups #vcfunding

Related Questions

What are Perry Evans' main responsibilities at EverCommerce?
How did Perry Evans contribute to the development of MapQuest and Jabber?
What is Perry Evans' background in the SMB SaaS ecosystem?
What products has Perry Evans led the formation and development of?
How did Perry Evans' role at Gannett/Gatehouse Media influence his career?
Perry Evans
Add to my network

Experience

General Manager And President, Evercommerce
General Manager And President at Evercommerce

Education

Master Of Business Administration In International Business, Schulich School Of Business - York University
Mount Allison University

Location

Denver, Colorado, United States