Hishem AzzouzHost Of Recruitment Mentors Podcast

The Best Time to Raise Investment is...

Name: The Best Time to Raise Investment is...
Uploaded: 2024-02-28T17:00:46+00:00
Duration: 39 s
Channel: Hishem Azzouz
Description: In this monologue, the founder explains his early aversion to seeking investors, preferring to build the business independently despite hearing negative…

28 Feb 2024 · 1 min

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In this monologue, the founder explains his early aversion to seeking investors, preferring to build the business independently despite hearing negative stories about venture capital. He describes the competitive CRM/recruitment software market, positioning his company as a David versus industry giants like Access and Bullhorn, and notes a strategic advantage when a rival (Vincere) exited the market. He emphasizes the importance of timing for raising capital, highlighting that rising operational costs and the strain of scaling a 17‑person team made investment increasingly necessary, while also expressing the personal burden of leading the growing company.

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I really wanted just to do my own gig, and I'd heard all these sort of horrible stories about investors, and I just avoided it. And that's what probably fueled my, I don't need to do this, I'll just do it my own way. Earlier on, you could argue, who needs another CRM, right? But we'd built our space, we'd built our position. It was a wee bit like the David and Goliath up against Access and Bullhorn, and we were getting great traction. But, you know, Vincere getting taken off the market, going to Access, well, that was a really good time for us. You've got to look at timing and when's right and when's the space for that investment to really come through. And it Everything was getting more expensive. That's a lot of strain. You know, we're almost 17 people in the company now, and having that on my shoulders, that was a lot, you know.