Welcome back to Two Founders Podcast! Today we talk about the shocking acquisition of Airtable and the top three mistakes startups make when it comes to sales. Of course Matteo also brings a LinkedIn Nugget - should you have an AI on the board? And Anna has received a listener question - should I keep my day-job or jump and do the startup full time?
— Anna’s topic —
Anna gives her list of the top three sales mistakes startups do:
→ Don’t do a free pilot! - Well, it depends - what is the plan after that? What is your relationship 3 years later?
→ Put your price higher! - You don’t know this yet, but probably you can charge more.
→ Keep any material for yourself! - Don’t send any material, book a meeting instead.
— Matteo’s topic —
Matteo talks about the Milan company Bending Spoons’ acquisition of Airtable.
→ Why did Airtable go from a $11B valuation to finally selling for only $1.3B?
→ Was the issue growing too slowly, being overvalued or not reacting quick enough to the vibe-coding entering the market?
— Linkedin Nugget —
Should you have an AI-board member?
Matteo brings the new Linkedin hot topic of letting AI have a seat at the board.
— Listener Question —
Should I keep my day-job or jump and do the startup full time?
Listener Casper has just raised, and is wondering if he should quit his current full time job and go all in for the startup he is building. Matteo pushes for staying, and Anna is definitely team leave.
— Timestamps —
00:00 Intro
01:14 Why you shouldn’t do a free pilot
05:29 Why startups price too low
09:45 Why you shouldn't show your demo too early
13:47 Bending Spoons & the Airtable acquisition
16:18 How Airtable went from $11B to $1.3B
21:34 What startups can learn from Airtable
26:06 Should AI have a seat on your board?
30:31 AI as the memory of a company
34:08 Should you quit your job to build a startup?
38:02 The final verdict: go all-in?
Subscribe to the Two Founders Podcast, we talk about startups and specifically about sales, based on our own experience of building a startup from 0-1, and finally landing an acquisition.
#Startup #Entrepreneurship #Sales #B2BSales #AI #SaaS #Founders #VentureCapital #Airtable #BendingSpoons