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I'm a CTO. We took PE money 6 months ago. AMA

4•scottndecker•1h ago
Career developer turned CTO at a healthcare startup. We're two years in, profitable, and took a PE investment 6 months ago. Happy to answer any questions on that journey, startup life, how we're using AI, the PE investment, etc.

On an airplane and sounded like a fun way to pass the time if anyone has questions :)

Comments

rrr_oh_man•51m ago
Are you flying business class?
scottndecker•49m ago
Ha, no. Southwest, boarding group 5.
paulcole•44m ago
Did PE come to you or did you go looking for the investment?
scottndecker•33m ago
Came to us. Some of our founders had previous success and were funding out of their own pocket. We had just turned profitable, but PE money allows a different velocity which we wanted. So when they approached us looking for a solution in our space, we took the meeting. One thing led to another.
rrr_oh_man•42m ago
What’s the company? How did you start? Are you a co-founder?
scottndecker•35m ago
Started by a team of 3 three years ago. I knew one of them from my time spent in grad school and living in NH. I joined a year after it formed but before it really took off. Founder #5 type of situation. Significant equity but can't claim I was there from day 0.
harryquach•18m ago
Did your employees have equity? If so how did this process work, with the PE firm?
scottndecker•14m ago
Employees have stock options, not stock. Those options are now worth more. Probably can't share too much more detail than that on financial specifics.

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