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Cory

@CoryMichaly

Scaling/SaaS CFO @fellowapp. Start-up pirate. Everyone has a plan until they get punched in the mouth.

 Ottawa, Canada
linkedin.com/in/corymichalyshyn
Joined October 2016
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Photo by Cory (@CoryMichaly)Photo by Cory (@CoryMichaly)Photo by Cory (@CoryMichaly)Photo by Cory (@CoryMichaly)Photo by Cory (@CoryMichaly)Photo by Cory (@CoryMichaly)Photo by Cory (@CoryMichaly)Photo by Cory (@CoryMichaly)Photo by Cory (@CoryMichaly)Photo by Cory (@CoryMichaly)
Replying to @martin_casado
Only things I'd add are ARR/head to get a proxy for how opex is scaling with ARR growth (super or sub-linear) and break out variable gross selling burn from net burn (leaving net opex burn) to understand if the business is getting closer or further away from opex break even
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“let’s just use google sheets it’s basically the same as excel”
Image from sophie (@netcapgirl)
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Microsoft Excel should be taught as a full course in schools
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There is a real risk of false positives right now because in almost every industry, every company feels pressure to buy "AI". I do think the potential is huge, but founders will find that the strength of customer signal or even early traction may be a head fake.
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Moving from monthly to annual pricing has its place 💔But it >doesn't< reduce churn It just masks it for 2-12 months 😢It doesn't make the product any better, or customers any happier It just traps them a little longer
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In 2022, you could blame the markets In 2023, you could blame "macro" impacts In 2024, you could still claim we were in a "downturn" In 2025 -- you've run out of excuses
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> take over an operation struggling to make interest payments > fire management > replace with your own operations teams > find ways to cut excess spending and streamline processes > use cash for new fund the USA is deploying the private equity playbook and it’s beautiful
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the $500B supercomputer project “Stargate” was announced yesterday. its backers hope the infrastructure will allow users to run chrome, excel and slack at the same time
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Northbound 101 at South San Francisco
Image from Andrew Reed (@andrew__reed)
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microsoft excel
Mac Baconai (@Macbaconai) profile pictureMac Baconai
@Macbaconai6 Jan 2025
you wake up here—what’s the first thing you invent?
Image from Mac Baconai (@Macbaconai)
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Lacking real problems, a lot of people immediately stress out about fake or minor ones. It's like there's a minimum level of stress that they require.
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dad, are you a tier 3 vc?
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New study: An analysis of 400 occupations found that taxi and ambulance drivers had the lowest proportion of deaths from Alzheimer’s—raising the possibility that constant stimulation of the hippocampus, used for navigational and spatial processing, might be protective
Image from Derek Thompson (@DKThomp)
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the reason you feel insane is because all of your "hobbies" are nothing more than glorified consumption. you won't find God in $15k a month of skis, camera gear, or coffee machines. you NEED to create something, just go BUILD, a chair, a bench, carve some wood, anything, please
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I think about this photo a lot
Image from The ₿itcoin Therapist (@TheBTCTherapist)
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“ai is coming for your jobs” i’d like to see ai play golf with the ceo of the company you want to buy
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“ai is coming for your jobs” i’d like to see ai procrastinate all day before a 2pm meeting
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April 2024: SaaS is Dead. Killed by AI. R.I.P. SaaS. December 2024: It's a SaaS Renaissance. Fueled By AI.
Image from Jason ✨👾SaaStr.Ai✨ Lemkin (@jasonlk)
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that’s him, his dashboards haven’t produced a single actionable insight
Image from sophie (@netcapgirl)
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One of the most fun times in a startup is when things are working, you're growing, but you all still fit in one room. I visited a startup yesterday that's at $50M run rate and 70 people in one big open space in the office and the energy was electric.
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