![Founder stuck at $8m revenue, burning $400k/month shares Profit and Loss, How he turned things around with Proposify CEO Kyle Racki - podcast episode cover](https://static.libsyn.com/p/assets/a/9/2/c/a92c13a488d25883e5bbc093207a2619/Master_Template.png)
Episode description
Proposify launched in 2013 and grew to $6m revenue by 2019 before things got scary. The business was burning $400k/month, product started to stall, and a layoff was needed. How did CEO Kyle Racki announce the 25 person layoff? Is the company profitable today? Are they growing again?