YouSaid · the spoken record

Waseem Daher

lines on the record
30
first
2019-08-02
most recent
2019-08-02
sittings or episodes
1
sources
podcast

Every line below is reproduced as it was said and linked to the record it came from. Nothing here is summarised or generated. Directory · Search · Corrections

  1. “We'll write to award winning collaborative all company platform keeps everything in one easily accessible place, so time to embrace the next gen work management at the executive level and encourage lean thinking from the top down. With Reich crushing your objectives and mitigating risks at scale is much, much easier. Give Reich a try for free today at Reich.com. As always, I so appreciate all your support and I can't wait to bring you another set of phenomenal episodes next week.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  2. “I mean, just such a special guest. And if you'd like to see more from Wasim, then you can find him on Twitter at Wasim. Likewise, it'd be great to welcome you behind the scenes here. You can do so on Instagram at H stebbings 1996 with 2Bs. Really would love that. But before we leave you today, are you a product manager that's been thinking about how broken the consumer-to-business payment space is? If so, we gift have recently raised a Series A around. And slight disclaimer, the firm I co-founded, Stride, led the round, and we gifted looking for amazing product managers to revolutionise the way businesses are able to pay consumers. Yes, that's right, businesses to pay consumers. If you're interested, please go to weegif.io forward slash careers and apply. And finally, smart executives and business owners know that harnessing the power of AI, embracing the cloud and prioritizing cyber security are the cornerstones of growth. Every day, Reich helps thousands of companies worldwide do this by revolutionizing how they approach work. Reich secure, automated cloud-based work management tool helps businesses future-proof their cultures and of”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  3. “And you will have finished the Harry Potter series, I'm sure. But listen, as I said, I really did. I had so many great things from Primoch all of your investors. So thank you so much for joining me today. And this really has been such a pleasure.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  4. “Totally. No, I do agree with you on that. I do want to finish, though we're seeing with my favorite, which is what are the next five years hold for you and for pilot and just how big could it get? Is this changing in the way we think about bookkeeping entirely?”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  5. “Listen, I totally agree, and I'm also the worst in terms of making decisions, which makes my life as a VC permanently challenging. If you had a given emerging graduate one piece of advice today, what would you give them, Wasim?”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  6. “I absolutely love hearing that story. I didn't know about that at all, but totally with you there. What's your superpower in company building? That one was from Shrav.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  7. “Ask, have you always been able to have that escapist mentality which allows you to do that? And if not, what was the catalyst that made you realize how important it was?”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  8. “No, I love that emphasis on the process itself and not the actual question. I do want to dive into my favorite though, Wasine, which is the quick firearound. So I say a short statement and then you give me your immediate thoughts. Now, are you ready for this incredibly intense process”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  9. “No, I can Thing I And tend not to be a great fit. And it seems like your day is wasted. And you get a ton of shit done in a day. Totally with you Scaling teams. I've spoken to ambassadors and team members before, and they said about this amazing culture that you have internally. Do to create this at Advice would you give for scaling founders who want to create the same atmosphere?”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  10. “I totally agree with you. How do you actually make that transition? And is it actually really hard to do that hat switching? Because I find it impossible.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  11. “That's a bad fit. Yeah, absolutely. Of one of your team members, he said about the team there. I expected Shrave before the show, and he said about how you scaled as a CEO. Self reflect and self analyse. How have you seen yourself She”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  12. “I entirely agree with you in terms of that kind of recognition and moving fast. I do want to talk about scales. If that's a perfect segue, one of the things that comes with scale that we have chatted about before and again, I asked a contrarian statement, said you more than delivered. But you said before never sell Why do you say this, and what were your big lessons on exits?”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  13. “I find really hard is I always, and again, I always use the show for my own personal advice, so apologies for this, but if resilience is the key when assessing the strength of a founder, which often it's stated that it is, how do you assess resilience? And this could be in candidates you're adding to the team, but how do you think about assessing resilience within people when either hiring them or investing in them?”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  14. “Couldn't agree with you more. I guess my question to you is, and again, unfair off schedule, but today in states proliferated funding environment where there's such excess of capital, fundraising timelines are so compressed. How do you think founders and investors can really get to know each other sufficiently well enough to make that decision with such compression of timelines?”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  15. “Company. And so I think we sort of do ourselves a disservice where we say, well, VC is the only way, and we talk about lifestyle businesses very dismissively. I think if you're thoughtful about kind of what you actually want and what your objectives are with your company, it is not obvious that it per se requires venture capital. Listen, I totally agree with you with respect to that. I guess my question is then subsequently, if you do choose to go down the venture route, as you have done with pilots and you have some of the best investors that you can get behind you, how do you think about investor selection? It's a massive choice that lasts for 10 years. How do you think about that crucial investor selection moment? I think about two things, and this sounds trite, and I think when people told us this, I didn't really believe them, but in retrospect, like they were very much on the money about it.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  16. “One of the companies that you did, the first was bootstraps, and then obviously the latter two were VCBA. So it's an interesting one. And you said before that VC is potentially overrated. So naturally as a VC, they're set terribly pains me to hear Wasim. So what needs your thinking here? Sure, what I would really say is something a little bit less provocative, which is, look, VC is not right for every business. And I think we all do the industry a disservice when we overly fetishize it. In other words, I think there are companies that need venture capital and want to be venture-backed and will operate at venture scale. And for those companies, VC is not overrated at all. In fact, it's required. But I think there are many companies in the world that have the potential to be terrific companies that will yield terrific outcomes for their founders that don't require venture capital. And in particular, and I don't think this should be the goal, but if your goal is wealth creation, I think it's much easier to make 100% of the $10 million company than 1% of the billion dollars.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  17. “That your assumptions are actually correct. And for our company, one of the things that was really, really fun about it is on day one, we signed up our first three customers. These I just called them up and I said, hey, who's doing your bookkeeping today? Oh, you know, we can actually do it better. You should sign up with pilot. And the way that we provided the service is I just did their books in QuickBooks Online, just like any other bookkeeper would. So the actual shape of our business allowed us to actually get into the market immediately because of kind of how we had structured it. So then you did it and then you've incrementally added scaffolding and more and more and more scaffolding with time and time to get to where you are today. Is that it? Yeah, exactly. So in the early days, Jeff and I were the bookkeepers and Jessica was the one building the software that basically allowed us to do more accurate work, more consistently with higher quality, observing, look, these are the things that are really time consuming and would be better done by software. I absolutely love that. I didn't know about that in the early days. I do want to ask though, because that makes me think about Bootstrap days almost.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  18. “In terms of how recently in startups kind of promoted it obviously hugely and it spawned the movement that is the lean startup. And now we have more of a pushback against the lean startup and MVPs and move fast and break things. Where do you sit on the move fast and break things lean startup methodology? In general, I'm very pro, which is to say, and here's why. I think one of the mistakes that I see many founders make is they have a preconception about the world and they're unwilling to test whether or not it's true. They're just so sure it's accurate that they kind of plow ahead. Oh, I know I'm right about thing X, Y, Z. I don't actually need to talk to anyone to verify it. Whereas for me, I think like even if you're sure, you should probably still double check. In other words, if I'm positive, if I'm 100% sure about something, that makes me nervous because nothing in the world is that cut or dry. So it makes me think, oh, is this actually a blind spot for me that I have not really had a chance to diligent? And so I love the idea of when possible running lightweight experiments to verify.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  19. “About founder market fit, there has to be something there. In other words, if I hate legal work, I should probably not be starting a company that does the work of law firms. Or if the actual topic area itself is not one that I'm disinterested in, but perhaps am actively opposed to spending time on or doesn't really jive with my own skill sets, I think that's going to be a problem. But I think Matilda's right where I think companies succeed by, to some extent, really just like putting one foot in front of the other in a really smart, thoughtful strategic way, which has much more to do with how the company is organized, what the company's principles are, kind of the actual almost tactical rather than strategic aspects of the business. I totally agree with you. And I love that suggestion of one foot in front of the other in a strategic way. I do have to ask, because pilot, and this is totally off schedule, but I'm too interested, so hey, let's go for it. Pilot is an interesting combination, as you said, of human in the loop, but then augmented humans with what you give them in terms of tools. So my question to you is, how do you think about MVP?”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  20. “Many founders, especially first time founders, kind of have this approach. It's like, well, I'm not that excited about HR software or whatever. And I think for a lot of these companies, half of the joy is the joy of building it, of the craft of building the company, of working with talented people, et cetera, which is a little bit separate from the mission. Or let me say this one other way, which is if you have a mission you're really, really passionate about, that's great and that's awesome. But that alone will not get you through the hard times of the company. It's the kind of piece one. And then piece two is I think you really develop a passion for the thing as you work on it. It's interesting you said this because Mathilde would call in at front, said something similar in the way that she said this grand mission and huge passion actually organizational disciplines far more important. I'm intrigued. How do you think about organizational discipline with regards to this kind of comparison with passion? Here's sort of how I think about it. I think there are some companies that people are not well suited for.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  21. “On this is a little bit subtle, which is to say if you had asked me five years ago with Seemer, you passionate about bookkeeping. I'm positive I would have, first of all, I probably would have laughed. And then I probably would have said, no, absolutely not. And so I think one of the things that's interesting, or at least in our experience, and for all of our companies, for the first one, it was these rebootlist software updates for the second one, it was group chat at work. And for this company, it's bookkeeping for startups and small businesses. If you'd asked me before any of those companies, how excited are you to spend a bunch of time with Linux system administrators really getting into the weeds on how they install software updates? That's not something I would have identified for you a long time ago as, oh, that's an area I'm passionate about. I think for me, what I'm really passionate about or where I really find joy in is talking to folks, understanding the problem they have, explaining to them what we're up to, and then hearing them say, oh, wow, that's really, really interesting to me. That's really going to solve a big pain point I have. And so what I really need to say is, I think.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  22. “The show, and he posed an interesting question. He said, Are there any downsides to having such an established concrete, safe relationship with your founding partners that you do have given the history? I think it's like in many ways it's like an old married couple. It's like, oh, well, it's 12 years ago, you did XYZ. You know, I think there's a lot of, because there's so much shared history, I think there are some kind of styles of working together that we have fallen into that for the most part, fortunately in our case, have been successful, but I think are not necessarily, you know, as adaptive or kind of as adjusting to fresh perspectives as they might otherwise be. I do want to say on the theme of people, though, themselves, because, you know, I always look especially when assessing opportunities for founder market fit, if I can say that terrible coinage without blushing. But you've said to me before that passion is overrated in starting companies. So this kind of goes counter to that. What did you mean by that? And does it reduce the importance of founder market fit, do you think? Yeah, it's a good question. And I think my perspective.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  23. “Listen, I totally get you in terms of kind of the refinement of that approach. I do want to delve into a couple of super interesting things that we've discussed before, and especially if I put on my ambassador hat, there's certainly two elements that you always deep dive on being the team and the tech. And when I spoke to many of your ambassadors, as we chatted about before the show, they all said to me about especially the kind of founding relationship that you have with your co-founders. Obviously, it's been three companies now. What's been your biggest learnings on what it takes to have such a successful family relationship as you have done with Jeff and Jessica? Yeah, it's a good question and it's a”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  24. “When you actually kind of dive into the nitty gritty, maybe more granular, how did the experiences with the prior two impact your operating mindset today with pilot?”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  25. “I could not be more excited. I think that reduces the burdens of bookkeeping on me, the founder, is music to my ears. I do have to ask it because you mentioned the multiple successful journeys say you have with the three separate companies. I have Joe Fernandez a Joy mode on the show recently and he said serial entrepreneurship. So I'm interested first, would you agree with him?”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  26. “I'm the excited one, but I want to kick off today with a little on you to tell me, how did you make your way into the world of startups? There have been three now. And then what was that aha moment with pilots?”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  27. “I've had so many great things from Paul English, from Jordan of Stripe. It is such a pleasure to have you on the show today. So thank you so much for joining me”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  28. “Keeps everything in one easily accessible place. So time to embrace the next gen work management at the executive level and encourage lean thinking from the top down. With Reich crushing your objectives and mitigating risks at scale is much, much easier. Give Reich a try for free today at Reich. com However, that's quite enough for me and so without further ado, I'm very, very excited to hand over to Wasim to her found and CEO at pilot.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  29. “And I'd also want to say a huge thank you both to Paul English and Jordan Angelos at Stripe for some fantastic question suggestions today. I really do so appreciate that. But before we dive into the show today, are you a product manager that's been thinking about how broken the consumer-to-business payment space is? If so, we gift have recently raised a series A round and slight disclaimer, the firm I co-founded, Stride, led the round, and we gift are looking for amazing product managers to revolutionise the way businesses are able to pay consumers. Yes, that's right, businesses to pay consumers. If you're interested, please go to weeif.io forward slash careers and apply. And finally, smart executives and business owners know that harnessing the power of AI, embracing the cloud and prioritizing cyber security are the cornerstones of growth. Every day Reich helps thousands of companies worldwide do this by revolutionizing how they approach work, Reich secure, automated cloud-based work management tool helps businesses future-proof their cultures and evolve fast. How? Will Rikes Award-winning collaborative all company platform”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source

  30. “Hello and welcome back to the 20 minute VC with me, Harry Stebbings at H. Stebbings nineteen ninety six with Tubes on Instagram. And what I found us Friday we have in store for you today. I had heard so many incredible things about this founder. From I think it would have been about six separate billion dollar founders, and so I couldn't be more excited for this one. And so with that, I'm thrilled to welcome Wassim Dehur, found and CEO at Pilot. The startup that takes care of your bookkeeping from start to finish so you can focus 100% on making your business succeed. To date, Wasime has raised over $58 million in funding from some of the very best in the business, both in terms of firms and people, including the likes of index and stripe, and then on the people side, Octa's Frederick Karras, Gustos Josh Reeves, Stripe's Patrick and John Collison, and Lola's Paul English, just to name a few. As for Wasime, Pilot is the third business he's co-founded with his co-founders, the first being K Splice, and the second Zulip, which was acquired by Dropbox in 2014. He's also enjoyed spells with the Lice of Oracle and Dropbox in the interims.”

    2019-08-02 · The Twenty Minute VC · 20VC: Why Passion Is Overrated When It Comes To Starting Companies, Why VC Is Overrated As A Financing Mechanism & Why You Should Never Sell Your Company with Waseem Daher, Founder & CEO @ Pilot · IDENTIFIED FROM THE TRANSCRIPT · source