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Podcast: The SaaS Podcast - AI, Growth & Product-Market Fit for SaaS Founders
Episode: SaaS Fundraising: How Shazam Raised $7.5M for "Impossible" Tech
Description: Every audio signal processing expert told Chris Barton that his idea for Shazam was impossible. He pursued SaaS fundraising anyway, spending 9 months inventing the core algorithm with zero capital and patenting the technology before pitching a single investor.
Chris reveals how Shazam went from a laptop demo to raising capital through a $7.5M Series A, building server infrastructure from scratch in a pre-cloud world, and then waiting 8 years for the iPhone App Store to unlock hockey stick growth to 100M monthly active users. His SaaS fundraising approach focused on eliminating investor risks one by one before asking...