Why Eran Galperin (Gymdesk, TS F2021) Joined TinySeed
TinySeed founder Rob Walling recently interviewed Eran Galperin about his Gymdesk exit on the Startups for the Rest of Us podcast. Eran joined TinySeed in our Fall 2021 batch, and he recently raised a $32.5m strategic growth investment from Five Elms Capital.
On joining TinySeed, Eran says:
I remember having chats with some of the founders (…) and they’re like, “You’re at 40K, why did you join TinySeed?”
I had a different calculation than them in my mind, because I had the same kind of dilemma when I was thinking about applying. It’s like, “We’re doing pretty well. What can I get from TinySeed that I can’t get by myself?” And the framework that I use is: If TinySeed helps increase the value of the company by more than the equity that they take, which was 10%, then it’s worth it. And it ended up being way worth it.
(…) I’m going into a lot of uncharted territory. I remember that we had pricing realignment engagements together. Me and you sat together and talked it over. We had a lot of long-term customers, and I’m about to really ramp up the pricing on them, and it helps so much that I can do it with somebody that already ran this playbook, also seen it fail at other companies, even your own after acquisition, I guess.(Those engagements) really helped me do this confidently (…) and actually kickstarted the next upward strand in our revenue growth and there were multiple such instances. This is the main reason that I joined TinySeed.
Eran also talks about why he sold, how he navigated the acquiring process, and what the process was like working with TinySeed GP Einar Vollset to complete the sale.
🎧 Listen to the full Startups for the Rest of Us episode here.
Applications are open for TinySeed’s Fall 2024 programs until this Sunday, September 15th at midnight EST. Read more about our SaaS accelerator program here.