E2: Art Papas tells Bullhorn Founding Story to Almost $500M in ARR, VC vs. PE & Startup Profitably
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E2: Art Papas tells Bullhorn Founding Story to Almost $500M in ARR, VC vs. PE & Startup Profitably
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About this listen
(0:00) Intros
(1:50) Growing up in a family of doctors
(5:13) Getting his first software job at Thompson Financial during the original internet boom
(7:26) Writing software to automate himself and all the interns out of a job
(11:40) Building and launching one of the first SaaS products in 1997
(16:09) Making a mistake leaving his first job for more money
(18:33) Quitting after 2 weeks without any planning
(19:40) New startup job and a painful lesson on listening to the customer
(23:00) Starting Bullhorn
(32:05) Market collapse and raising a really painful series A
(39:47) Burning the boats and becoming completely unemployable to make Bullhorn work
(42:02) Deciding to build a profitable company that didn't need anymore venture capital
(45:31) Switching from VC to PE backing
(50:19) Should tech startups be profitable?
(56:39) Right now is the best time to startup a business
(57:04) Art loves private equity - why he thinks it's so great
(1:00:21) Despite 25 years in the same company Art is still having fun at Bullhorn
(1:06:12) AI impact on staffing industry