SaaStr Podcast #098: Matt Straz, Founder & CEO @ Namely On Building Namely Into A Unicorn Business
Welcome to Episode 98! Matt Straz is the Founder & CEO of Namely, the unicorn startup that is revolutionizing the world of HR and payroll for some of today’s most exciting companies. They have raised over $150m from some of the best in the business including Sequoia (Pat Grady), True Ventures, Matrix Partners (David Skok) and Bullpen Capital (Paul Martino). As for Matt, Namely is his third startup with his most recent prior to Namely, being Pictela, acquired by AOL.
In today’s episode you will learn:
How did Matt make his way into the world of SaaS and come to found unicorn startup Namely?
How does Matt define the role of HR in a startup? When should founders look to hire their first senior leader for their HR team? What is the ideal relationship between HR and the CEO?
How does Matt think about structuring teams for SaaS businesses? What does Matt believe are the unique talent considerations and abilities required? How does Matt look to attain and attract that talent before his competition?
How does Matt think about the relationship between annual revenue growth and annual talent growth? Is there a formula for how much your team needs to grow to support your ARR goals?
Is the CEO responsible for the company culture at all levels? Namely is Matt’s 3rd company. How have his views on company culture and hiring altered over the years? With the scaling of the company, how has Matt looked to retain that culture despite the differing locations?
60 Second SaaStr:
Why does Matt consider 200 a tipping point for employees?
Fave SaaS reading material and why?
What does Matt know now that he wishes he had known before?
At what stage does a startup become a true enduring company?
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