Episode description
Episode description
Paul Van Metre, Co-Founder of ProShop ERP, discusses his entrepreneurial journey: from turning a traditional machine shop into a successful software company which recently secured $32 million growth funding after 10+ years of bootstrapping.
Key insights from Paul include:
- The shift from manufacturing to software was driven by customer demand and the realization of a bigger opportunity in software.
- A strong company culture and team unity are vital for growth and employee retention.
- Being process-driven and transparent is crucial, especially during intensive business due diligence.
- Partnering with Mainsail Partners was a strategic choice, influenced by their expertise in vertical ERP and alignment with ProShop's values.
- Sustainable growth and financial security were achieved by bootstrapping and focusing on customer needs.
- Opting for a minority investment was a deliberate strategy to maintain control and find the right partners.
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