Danny Davis took a company public, sold another, and is now building StackYak.

"AI is making things more efficient, but it's still expensive to build a company." Founders say "we only need 500,000." What if you need two million? "You fail before you finish."

We also get into why the company's lawyer is not your lawyer, why you take the small check that gets you to the next round, and why "debt is still cheaper than equity."

Chapters

00:00 People are craving real relationships

00:21 Meet Danny Davis

01:08 Why start a third company?

05:22 AI isn't making things cheaper yet

07:18 The truth about taking a company public

08:59 Selling for less and planning for taxes

11:19 The second exit: Origin Labs

14:24 The company's lawyer is not your lawyer

16:01 Why founders skip legal help

17:20 Don't let ChatGPT write your contracts

19:44 Where AI helps with legal documents

20:25 What he'd do differently: due diligence

21:54 The right investors are your friend

24:21 Investors who do more than write a check

25:54 Get into an accelerator early

27:08 Co-founders versus solo founders

28:20 Take the small check

29:10 Cheaper to start, not cheaper to build

30:30 Debt, grants and specialty investors

32:49 What StackYak is building

33:34 Real conversations, real discovery

Host: R. Hunter Harris

https://www.linkedin.com/in/rhunterharris/

Guest: Danny Davis

https://www.linkedin.com/in/dannydavis12/

https://stackyak.ai/

Newsletter: Don't SaaS Me

https://hunter-software-consulting.beehiiv.com/

By Hunter Software Consulting

https://huntersoftwareconsulting.com/