Thoughts on software, AI, and company building, with occasional sneak peeks at P9’s kitchen table.

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Summary (80–120 words): The article argues that messaging provides three advantages for building businesses: distribution, platform, and UI. As a distribution channel, messaging apps have high DAU/MAU and inherent virality, enabling rapid growth exemplified by Zynga, Instagram, WhatsApp, Meerkat, and Dubsmash. As a platform, strong network effects make launching new messengers difficult, so openness is key; WeChat demonstrates embedded commerce and payments, Facebook/WhatsApp were closed, while SMS becomes programmable via Twilio and bot platforms like Telegram. As a user interface, services like Magic (SMS concierge) reduce transaction friction; in the enterprise, Slack’s open ecosystem and bots suggest messaging as a general-purpose conversational UI for tasks and transactions. Search Terms & Synonyms (10–20 total): messaging-first startups, conversational commerce, chat commerce, messaging as a distribution channel, DAU/MAU ratio, viral growth via messaging, messaging network effects, messaging platform strategy, WeChat platform commerce, WhatsApp API limitations, Facebook Messenger bots, Slack bots and integrations, ChatOps, programmable SMS, Twilio SMS API, SMS concierge (Magic), conversational UI, chatbot platforms

Blog post
P9 Alumni
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Summary (80–120 words): Christoph Janz explains why Point Nine asks founders to send a pitch deck before scheduling a call: volume and focus. The firm logged 987 potential investments in 90 days, so a deck is an efficient first filter for stage, sector fit, expertise, and portfolio conflicts. Quick passes usually reflect mismatch, not startup quality. He notes the trade-off—this approach can miss winners and expand the anti-portfolio—but alternative processes have similar drawbacks. Practical guidance: invest in a clear deck; include KPIs to signal stage; omit sensitive roadmap details in a teaser; don’t request NDAs; avoid blasting dozens of VCs; target 5–10 best-fit firms, with a call as a second step. Search Terms & Synonyms (10–20 total): pitch deck, investor deck, fundraising deck, fundraising slides, slide deck, venture capital screening, dealflow management, VC first filter, investment fit (stage/sector), portfolio conflict, VC due diligence process, anti-portfolio, founder outreach strategy, targeted VC outreach, no NDA venture funding, teaser deck vs full deck, SaaS fundraising KPIs, early-stage VC process, venture pipeline management, cold outreach to VCs

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P9 Team
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Summary (80–120 words): Nico Wittenborn outlines a concise 10‑slide investor deck for first contact that answers core questions without exhaustive detail. Structure: 1) title/logo, 2) founding team roles and relevant experience; include advisors/angels, 3) product visuals and clarifying bullets, 4) customers with segmentation and pipeline, 5) traction chart with actuals, account expansion, high ACV; labeled axes, 6) market size using sources or top‑down/bottom‑up analysis, 7) competition visualization and differentiation, 8) high‑level roadmap tied to vision, 9) fundraising ask and use of proceeds; note existing commitments, 10) contact/thank you. The post argues brevity is best for early outreach and should be backed by detailed KPIs during diligence; Point Nine reviews ~3,000 decks annually. Search Terms & Synonyms (10–20 total): pitch deck template, investor deck outline, startup fundraising presentation, VC pitch slides, seed round deck, Series A deck, traction metrics chart, ACV (annual contract value), customer logos slide, market sizing TAM SAM SOM, bottom-up market analysis, top-down market analysis, competitive landscape matrix, product roadmap slide, use of proceeds, fundraising ask, team slide, pipeline and segmentation, SaaS investor deck, Point Nine Capital template

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Template
P9 Alumni
Best Of
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Summary (80–120 words): The post explains core developer workflows and vocabulary for non-technical founders and investors. It frames software work as three functions: product ownership (what to build), architecture (how it’s designed), and implementation (coding). It introduces agile methods—Scrum (sprints, daily stand-ups) and Kanban—and tools like Trello and Jira. It outlines a CI/CD pipeline from editor to GitHub, automated tests/QA (including crowdtesting), and deployment. Architecture coverage includes front-end MVC with JavaScript frameworks, back-end stacks and languages, databases (SQL, NoSQL, graph), and third‑party APIs. DevOps options (bare metal, IaaS, PaaS), monitoring, and the trend toward microservices and containers (Docker) are summarized. The recurring pattern: decompose problems and iterate quickly. Search Terms & Synonyms (10–20 total): developer tools overview, devtools glossary, agile development methodologies, Scrum sprints and daily standups, Kanban workflow, CI/CD pipeline, continuous integration and delivery, GitHub source control, software QA and crowdtesting, front-end MVC, JavaScript frameworks (React, Angular, Backbone, jQuery), backend stacks (Node.js, Ruby on Rails, Python, PHP), SQL and NoSQL databases (PostgreSQL, MySQL, MongoDB, CouchDB), graph database modeling (Neo4j), third-party APIs and integrations, DevOps and cloud infrastructure, IaaS vs PaaS, microservices architecture and Docker containers, application monitoring (New Relic, Datadog)

Blog post
P9 Alumni
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Summary (80–120 words): The article outlines why hardware has been avoided by VCs (long development cycles, costly iterations, harder feedback loops, broader team requirements, lower gross margins, and working-capital needs for distribution) and why conditions have improved. Lowered barriers include prototyping platforms (Arduino, Raspberry Pi, Spark Core, Edison), 3D printing, improved batteries and communications, smartphone ubiquity, crowdfunding preorders (Kickstarter, Indiegogo), supply chain-as-a-service (e.g., PCH), and online distribution. It argues for B2B “Hardware as a Service” models that mirror SaaS: recurring subscriptions, direct online acquisition, and software-led devices. Point Nine applies this thesis via investments in Automile (fleet telematics) and KISI (smartphone-based access control), chosen for large markets, product reliability, and early online traction. Search Terms & Synonyms (10–20 total): Hardware as a Service, HaaS, B2B hardware, enterprise IoT, connected devices, subscription hardware, SaaS for hardware, API-first devices, fleet telematics, vehicle fleet management, smartphone access control, smart locks, crowdfunding preorders, Arduino and Raspberry Pi prototyping, 3D printing rapid prototyping, supply chain as a service, direct online distribution for hardware, Point Nine Capital, Automile, KISI

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P9 Alumni
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Summary (80–120 words): The post contends that “Why now?” is a crucial lens for evaluating startups because timing is an often-undervalued foundation alongside team, product, and market. Using a surfer analogy, it explains that starting too early expends resources before demand materializes, while starting too late misses the opportunity. Correct timing creates momentum that accelerates adoption, distribution, fundraising, and hiring, setting off reinforcing feedback loops that drive growth (echoing Paul Graham’s “startups = growth”). Timing can also expose incumbent vulnerabilities. The author references Bill Gross’s TED analysis identifying timing as the primary driver of startup success, emphasizing that founders and investors should explicitly assess timing to understand potential momentum. Search Terms & Synonyms (10–20 total): why now, startup timing, market timing, timing and momentum, startup momentum, positive feedback loops, go-to-market timing, market inflection point, window of opportunity, incumbent vulnerability, adoption and distribution, fundraising timing, hiring top talent timing, product–market fit timing, surfing wave analogy startup, Paul Graham startups = growth, Bill Gross TED talk timing, Point Nine Capital blog, B2B SaaS venture timing, early vs late market entry

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P9 Alumni
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Summary (80–120 words): Christoph Janz announces Point Nine Capital III, a €55M fund, and restates the firm’s early-stage thesis. Point Nine remains a Berlin-based, globally investing micro-VC focused on seed and early Series A in SaaS and marketplaces, operating with an “Angel VC” approach and relationship-first ethos. He reviews PNC II results—portfolio follow-ons from investors like Accel, Balderton, Bessemer and others, with some 10–20x valuation increases—and explains deprioritizing eCommerce due to capital needs and thin margins. PNC III will continue the core focus while exploring areas such as bitcoin, IoT and drones, and acknowledges that prior pattern-matching has become table stakes, requiring ongoing adaptation to technologies and the funding environment. Search Terms & Synonyms (10–20 total): Point Nine Capital III, PNC III, micro-VC, European seed fund, Berlin venture capital, seed-stage VC, early Series A investor, SaaS investor, marketplace investor, Angel VC, follow-on rounds, limited partners (LPs), Horsley Bridge Partners, Sapphire Ventures, Flossbach von Storch, Vintage Investment Partners, eCommerce venture capital, pattern matching in VC, table stakes in SaaS, emerging tech (bitcoin, IoT, drones)

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P9 Team
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Summary (80–120 words): The post argues that a wave of API-delivered products is unbundling features of traditional SaaS, letting teams build tailored internal tools or embed generic capabilities without recreating them. Unlike infrastructure APIs (Stripe, Twilio, Algolia), these “unbundling APIs” target non-developer stakeholders, are often used for internal tooling, and compete with packaged apps (e.g., support APIs replacing parts of Zendesk). Use cases: replace or extend existing SaaS, or add features to your own product. Key challenges: proving need, GTM to business users while securing developer adoption, and competing with easier setup. Many will need a companion “killer app” to drive adoption (e.g., FullContact). Opportunity: customizable, DIY, hybrid SaaS/API models despite potential niche constraints. Search Terms & Synonyms (10–20 total): unbundling of SaaS, API-first SaaS, feature-as-a-service, headless SaaS, composable software, modular SaaS, componentized SaaS, embedded APIs, productized APIs, hybrid SaaS/API, internal tools platform, build vs buy, support API, helpdesk API, marketing API, analytics API, killer app for API adoption, developer and business user onboarding, DIY software, custom tooling

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P9 Alumni
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Summary (80–120 words): Slide deck outlines what SaaS is and why investors value it (recurring revenue, high margins, global scalability), then surveys market context (US ~60% of global SaaS volume per Siemer 2013; Europe can produce winners such as Zendesk moving to the US and IPO in 2014). It teaches core metrics and relationships: MRR, churn and retention analyzed via cohorts, expansion MRR versus churn MRR to reach negative churn, and LTV versus CAC for efficient growth. Recommended practices: enable incentivized referrals in freemium models, speed time-to-value with effective onboarding, revisit pricing if undercharging, and invest in durable content. Concludes there’s no silver bullet—progress follows the long, slow SaaS ramp. Search Terms & Synonyms (10–20 total): SaaS metrics, monthly recurring revenue (MRR), annual recurring revenue (ARR), churn rate, revenue churn, retention cohort analysis, expansion MRR, negative churn, customer lifetime value (LTV), customer acquisition cost (CAC), LTV to CAC ratio, payback period, net revenue retention (NRR), SaaS unit economics, onboarding optimization, activation rate, freemium referrals, referral program, pricing strategy, value-based pricing, price increase testing, content marketing for SaaS, product-led growth (PLG), SaaS conversion funnel, churn prevention strategies

Slide deck
P9 Alumni
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Summary (80–120 words): The article outlines a six-stage path many early-stage SaaS teams experience with inbound: beginning, disappointment, first growth, stagnation, strategy reboot, and sustainable growth. Early efforts hinge on founder-written blog posts that are often product-centric and underinvest in distribution. Initial spikes come from channel-specific tactics and coordinated promotion, but “hit-driven” publishing plateaus with poor conversion and dependence on external platforms. The reboot centers on a customer-centric narrative, building owned channels (newsletter, email capture), SEO for compounding long-tail traffic, targeted distribution, content repurposing (whitepapers, slides, guides, drip series), and hiring a generalist marketer. Key lessons: progress requires time and learning, resource planning, brand credibility effects, and awareness of stall points at any stage. Search Terms & Synonyms (10–20 total): inbound marketing for SaaS, SaaS content marketing, content-led growth, organic acquisition strategy, owned media vs rented media, email list building, newsletter-driven growth, SEO for SaaS, long-tail evergreen content, hit-driven content pitfalls, customer-centric messaging, content distribution channels, content repurposing, drip email campaigns, lead magnets and lead capture, early-stage startup marketing, growth plateau and strategy reboot, Hacker News promotion, social sharing tactics, marketing generalist hire

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P9 Alumni
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Summary (80–120 words): The post argues startups compete not just on features but on product development speed, placing founder CTOs and VPs Engineering at the center of competitive advantage. Point Nine launched an online .9 tech circle and an in‑person meetup to help tech leaders share practices on scaling technology, teams, and processes. Core themes: hiring and retaining engineers, building engineering culture and ownership, and technical topics like mobile and containers. Nearly 100 tech leads participated, with speakers from companies including Zendesk, Docker, Google, Contentful, and Codeship. The takeaway: execution velocity, recruiting, and team/process design are key arenas where startups win beyond “product.” Search Terms & Synonyms (10–20 total): product development speed, product iteration velocity, engineering velocity, time-to-market, founder CTO, VP Engineering, scaling engineering teams, engineering hiring and retention, engineering culture, technical leadership, devops practices, microservices, containers, mobile development, continuous delivery, continuous integration, SaaS meetup, Point Nine Capital, CTO peer community, early-stage B2B SaaS

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P9 Alumni
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Summary (80–120 words): The post outlines six deliverables that let SaaS founders answer most Series A/B diligence questions upfront: (1) a monthly KPI spreadsheet since launch covering funnel and financial metrics (e.g., MRR, COGS, CAC) with clear definitions; (2) an MRR movement chart showing new, expansion, contraction, churn, and reactivation MRR, ideally segmented by SMB vs enterprise, plus raw data; (3) cohort analyses for revenue and for a key usage metric; (4) a simple three-year financial plan tied to the KPI logic with explicit assumptions; (5) an overview of acquisition channels with CAC and scalability estimates; and (6) for larger deals, a detailed sales pipeline with deal size, stage, probability, and timeline. A bonus: short case studies on top customers. Search Terms & Synonyms (10–20 total): SaaS due diligence, investor due diligence checklist, Series A fundraising preparation, Series B fundraising prep, SaaS KPI dashboard, MRR/ARR metrics, MRR movement analysis (new/expansion/contraction/churn/reactivation), cohort analysis (revenue and usage), customer acquisition channels, CAC and LTV/CAC ratio, unit economics, sales pipeline reporting (deal size/stage/win probability), financial model and forecast assumptions, funnel metrics (visitors/signups/conversions), subscription analytics, SMB vs enterprise segmentation, investor data room, go-to-market scalability estimates, usage-based cohorts, revenue churn and reactivation

Blog post
Best Of
P9 Team
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Summary (80–120 words): The post argues that superior products often lose because product quality alone is insufficient. It outlines six failure modes: neglecting network effects and marketplace liquidity in winner-takes-all categories; slow internationalization that cedes ground to fast followers (e.g., Rocket Internet); perfectionism that delays release instead of shipping an MVP and iterating; losing the edge by not reinventing as markets evolve; weak distribution and go-to-market despite higher conversion; and underfunding, where bootstrapped teams are outpaced by better-capitalized rivals (despite examples like Basecamp, WeTransfer, Lovoo). The takeaway: pair great product with speed, distribution, and capital to reach critical mass and sustain advantage. Search Terms & Synonyms (10–20 total): product vs distribution, go-to-market strategy, network effects, marketplace liquidity, cold start problem, critical mass, winner-takes-all markets, internationalization/internationalisation, speed to market, minimum viable product (MVP), ship early and iterate, product-market fit, growth channels, customer acquisition, venture funding vs bootstrapping, war chest and blitzscaling, B2B SaaS marketplaces, Rocket Internet clones

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P9 Alumni
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Summary (80–120 words): The post clarifies common SaaS revenue terms and recommends a core set to track. It defines MRR as the primary metric, with an example: a $100/month plan adds $100 MRR; an $1,100 annual plan adds $91.67 MRR. ARR is simply 12x MRR. Cash inflow (“cash-in”) is money received; accounts receivable is owed but unpaid. “Revenues” include MRR plus non-recurring items (implementation, setup, services) but these should not be in MRR. US GAAP revenues may differ due to daily recognition and spreading fees over contract terms. “Bookings” is ambiguous and discouraged; “billings” are invoiced amounts. CMRR projects next-month MRR by adding guaranteed expansions and subtracting expected churn. Track MRR by contract length when cash isn’t fully upfront. Search Terms & Synonyms (10–20 total): SaaS revenue metrics, Monthly Recurring Revenue, MRR calculation, Annual Recurring Revenue, ARR vs MRR, cash inflow vs revenue, billings vs bookings, bookings definition, Committed MRR, CMRR forecast, expansion MRR, churn MRR, GAAP revenue recognition, management vs GAAP revenue, deferred revenue, accounts receivable, professional services revenue, implementation fees recognition, subscription analytics, contract length impact on MRR

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P9 Team
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Summary (80–120 words): The post outlines Joel York’s three SaaS sales models—self-service, transactional, and enterprise—and analyzes the risks of switching between them. Founders often start in a model aligned with their backgrounds, but later consider moving upmarket or downmarket due to misaligned product‑market fit, unsustainable low ACV economics, or slow enterprise sales cycles. Changing models requires aligning the full business, not just pricing: product changes (permissions, admin, analytics/reporting, integrations), a new pricing strategy, and a different marketing/sales playbook (e.g., inside sales vs inbound). Less obvious challenges include culture shifts (sales‑ vs product/inbound‑driven), HR friction (even founder turnover), and reduced learning velocity as teams unlearn habits and rebuild operational knowledge. Search Terms & Synonyms (10–20 total): SaaS sales models, self-service SaaS, transactional sales model, enterprise SaaS sales, go-to-market strategy, move upmarket, downmarket expansion, low-touch vs high-touch sales, annual contract value (ACV), churn and retention, inside sales team, inbound marketing, lead generation and qualification, pricing page strategy, permission and role management, analytics and reporting features, data integrations, long sales cycle, product-market fit, sales-led vs product-led growth (PLG)

Blog post
P9 Alumni
Best Of
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Summary (80–120 words): The post argues that while SaaS historically grew more slowly than consumer internet companies, a new playbook has produced hyper-growth outliers. Using benchmarks like T2D3 and pre-IPO expectations near $100M ARR, it contrasts median SaaS ramps with consumer trajectories reaching $1B revenue faster. Slack exemplifies accelerated ARR via a consumer-grade, integration-rich product, “risk-free” freemium, charging only for monthly active users, bottom-up adoption, and ample funding. Zenefits hit ~$20M ARR in under two years and targeted $100M in three by offering free HR software monetized via benefits plus aggressive outbound sales and significant capital. Takeaways: enterprise consumerization, freemium viability, lower upfront commitments, investor appetite for early large bets, and fastest growth in horizontal markets. Search Terms & Synonyms (10–20 total): SaaS hypergrowth, T2D3 growth framework, long slow SaaS ramp of death, consumerization of the enterprise, freemium SaaS, product-led growth (PLG), bottom-up adoption, active user billing, per-seat pricing, land and expand, self-serve onboarding, outbound sales (SaaS), sales-led growth, word-of-mouth growth, horizontal SaaS markets, ARR growth benchmarks, $100M ARR target, pre-IPO revenue benchmarks, Slack case study, Zenefits case study

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P9 Team
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Summary (80–120 words): Christoph Janz contrasts behaviors of effective and ineffective venture investors. Good VCs actively support portfolio companies beyond capital (recruiting, customer intros, hands-on help), proactively share knowledge across founders, and avoid micro-managing given information asymmetry. They eschew conflicts by not backing direct competitors, welcome co-investors to maximize company outcomes, and use simple, fair term sheets without exploiting leverage. They respect founders’ time, respond and pass quickly, and only sign term sheets when committed. Alignment with LPs comes from prioritizing carry over fees and meaningful GP commitments. Effective VCs are focused, courageous, humble, value diversity, invest for long-term relationships, share non-confidential knowledge, protect confidentiality, and aim for durable performance. Search Terms & Synonyms (10–20 total): venture capital best practices, good vs bad VCs, value-add VC, founder-friendly term sheets, fair VC terms, portfolio company support, VC board behavior, conflict of interest in VC, co-investment strategy, carry versus management fee, GP commitment, LP-GP alignment, focused investment thesis, FOMO investing, due diligence discipline, bridge financing leverage, long-term investor relationships, VC confidentiality and knowledge sharing

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P9 Team
Best Of
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Summary (80–120 words): The post observes that Berlin’s startup ecosystem is evolving into distinct clusters with their own critical mass. After an initial phase led by consumer platforms and e‑commerce, adtech has matured, B2B SaaS is scaling (as reflected by ChartMogul’s Berlin list), and marketplaces constitute a coherent community (examples include Dawanda, Delivery Hero, Helpling, Quandoo, SoundCloud). Building on Ciarán O’Leary’s “third wave” framing, the author advocates mapping these sub-ecosystems to assess depth, density, and network effects. From a VC lens focused on SaaS and marketplaces, he anticipates further specialization and flags FinTech as a likely next domain to achieve critical mass in Berlin. Search Terms & Synonyms (10–20 total): Berlin startup clusters, Berlin startup ecosystem, sub-ecosystems in tech, B2B SaaS Berlin, Berlin adtech sector, Berlin marketplaces, marketplace startups Berlin, consumer internet Berlin, e-commerce Berlin startups, FinTech Berlin cluster, third wave of Berlin startups, Point Nine Capital, ChartMogul Berlin SaaS, ecosystem mapping startups, sector clustering in startups, network effects in startup hubs

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P9 Team
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Summary (80–120 words): Christoph Janz argues founders should never hire without reference checks. He cites a CareerBuilder survey estimating bad hires cost $25k–$50k, with larger opportunity costs from lost time and team impact. He rebuts common excuses—overconfidence in interviews, belief references add no new info, time burden, and awkwardness—and explains that well-run calls, including backdoor references, reveal signal “between the lines.” He advises caution when contacting a candidate’s current employer to avoid harm. The post urges a disciplined, reference-first hiring process and points readers to Mark Suster’s guide on how to conduct effective reference calls. Search Terms & Synonyms (10–20 total): startup hiring, reference checks, reference calls, backdoor references, candidate due diligence, candidate vetting, pre-employment screening, hiring mistakes cost, cost of a bad hire, interview vs job performance, reference check questions, founder-led recruiting, startup recruiting best practices, executive references, employment reference verification, avoid bad hires

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P9 Team
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Summary (80–120 words): In a small, gossipy tech and venture ecosystem, backchannel references on hires, partners, and investors are routine. The author values collaboration and positivity but has encountered wrongful behavior—overly aggressive investor leverage, unreliability, and lying—which creates a dilemma: how much to disclose when asked. He seeks a balance between avoiding negativity and a responsibility to be truthful and warn trusted peers. Acknowledging that fairness is subjective and every story has two sides, he still feels compelled to share negative experiences in context. The piece invites practical approaches for handling disclosure in informal reference checks and reputation-sharing. Search Terms & Synonyms (10–20 total): backchannel references, off-the-record reference checks, venture capital reference checks, startup due diligence, backchannel diligence, investor reputation checks, founder–investor references, ethics of reference sharing, tech industry gossip, reputation risk in VC, red flags in investors, unreliable counterparties, aggressive investor tactics, honesty vs positivity, speaking up vs staying silent, warning trusted contacts, informal references, reference check best practices

Blog post
P9 Team
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Summary (80–120 words): The essay argues that in SaaS, growth is the dominant driver of valuations and funding beyond seed, and sets practical expectations for reaching $100M ARR. Benchmarks show many modern SaaS firms hit $50M revenue in 5–8 years and $100M in 7–9 years. A workable path is T2D3: ~$1M ARR by year 1, triple twice to ~$9M by year 3, then double three years to ~$72M, followed by ~50% growth to ~$108M in year 7. Slower journeys can work but odds deteriorate due to growth-rate deceleration with scale, weakened ability to attract talent and capital, founder stamina limits, and fast competitors in large markets. Niche businesses can thrive with slower growth but are typically non-VC. Search Terms & Synonyms (10–20 total): SaaS growth benchmarks, T2D3, triple triple double, path to $100M ARR, ARR growth targets, startup traction metrics, Series A metrics (SaaS), startup valuation drivers, winner-takes-all markets, hypergrowth in SaaS, Tomasz Tunguz SaaS benchmarks, Battery Ventures T2D3 model, revenue milestones for startups, time to $50M revenue, growth rate deceleration, blitzscaling

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P9 Team
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Summary (80–120 words): The post explains why SaaS companies should minimize—and ideally achieve negative—MRR churn. It distinguishes account/logo churn from MRR (dollar) churn, clarifies gross vs net MRR churn, and highlights expansion MRR from upgrades or added seats. Three modeled cases with 3% monthly net MRR churn show churn’s compounding drag: a flat-acquisition company stalls around $350k MRR; accelerating linear acquisition reaches ~$1.5M in 10 years but requires ever more new MRR as the “quick ratio” (Added MRR / Lost MRR) deteriorates; exponential acquisition surpasses $19M yet demands adding ~$870k new MRR in month 120 (~5% of base), an unrealistic pace for most B2B SaaS. The pragmatic path is net negative MRR churn via expansion and moving upmarket. Search Terms & Synonyms (10–20 total): negative MRR churn, negative revenue churn, net negative churn, revenue churn rate, gross vs net MRR churn, expansion MRR, net revenue retention (NRR), logo churn (account churn), customer churn rate, quick ratio (Added MRR / Lost MRR), land and expand, seat expansion (per-seat upgrades), upsell and cross-sell, cohort analysis for churn, SaaS growth math, monthly recurring revenue (MRR), churn deflection, move upmarket, customer success, retention compounding

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P9 Team
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Summary (80–120 words): The post outlines five founder archetypes and their typical strengths, behaviors, and risks: the “Balls” (overconfident market breaker with high velocity and boundary-crossing risk); the “Incarnation” (product-as-person brand leader backed by an unseen operator); the “Execution Machine” (ex-consultant analytic operator who recruits known colleagues and speaks VC fluently); the “Serial Entrepreneur” (process-driven experimenter who can raise pre–product-market fit and hires finance early); and the “Insider” (industry veteran with deep networks who may import legacy habits). The typology highlights how backgrounds drive hiring, fundraising, and execution patterns, and where overreach, inertia, or misalignment can emerge. Search Terms & Synonyms (10–20 total): founder archetypes, types of startup founders, founder personas, visionary founder, influencer CEO, operator founder, execution-focused founder, ex-consultant founder, analytical operator, serial entrepreneur, industry insider founder, domain expert founder, brand-as-product founder, regulated industries, incumbent disruption, pre-PMF fundraising, early CFO hire, team-building patterns, Point Nine (P9), Nico Wittenborn

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P9 Alumni
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Summary (80–120 words): The post outlines four product-led mechanisms for organic mobile app growth. Native connectivity apps (e.g., QuizUp, Snapchat, WhatsApp) rely on friend networks but face cold-start dynamics, best solved by seeding niches or geographies. Hooks into other platforms (e.g., Instagram, Mailbox, Vine) drive distribution via frictionless sharing, yet must overcome noisy social feeds and avoid oversharing. Behavioral cues (e.g., Vivino, Shazam, Square) prompt in-person inquiry when usage is visible, but depend on real-world context frequency. Power-up experiences (e.g., Freeletics, Kitchen Stories, Duolingo) motivate sharing after users achieve “wins,” though reaching the WOW moment is hard. The author stresses: no silver bullet; build distribution into the product on top of a product users love. Search Terms & Synonyms (10–20 total): organic app growth, product-led growth (PLG), built-in virality, network effects, viral loops, growth loops, K-factor, native connectivity, social graph integration, cross-posting to social networks, behavioral triggers, word-of-mouth marketing, cold start problem, chicken-and-egg problem, niche seeding (beachhead market), activation moment (aha moment), ambassador users (advocacy), platform hooks (share sheets, APIs), unpaid user acquisition, mobile app distribution strategy

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P9 Alumni
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Summary (80–120 words): Most startup product launches get little attention; even Airbnb’s early launches went unnoticed. Unless you’re a celebrity founder (e.g., Tony Fadell or Elon Musk), obscurity is the default—and an asset. It lets teams freely A/B test, change positioning or even the company name, adjust pricing (from free to paid acquisition), add or remove features, and pivot based on feedback from a small set of early users. The advice: stop fixating on a single “Big Launch.” Ship quickly, learn, and treat launching as an ongoing process—launch early, then relaunch repeatedly as the product improves and product–market fit emerges. Search Terms & Synonyms (10–20 total): product launch reality, startup launch strategy, soft launch, iterative launch, launch early iterate, MVP launch, minimum viable product, lean startup launch, build-measure-learn, A/B testing for startups, pricing experiments, early adopters feedback, go-to-market iteration, product-market fit, pivot after launch, repeated launches, launch hype myth, continuous deployment, beta testing, growth without press

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