October 6, 2025 International Trending News Stories

SAAS Expert, Patrick Parker, Lists the Priorities Tech Startups Need to Focus on First When They Get Funded

We are what our priorities are, and it’s as simple as that. This also applies to the businesses that we run; their priorities determine their purpose and, in the long run, their success. In effect, if we sift through the history of the most successful startups in the world to date, we’ll discover the fundamental reason for their success would be getting their priorities straight. Success in the entrepreneurial world demands timely actions and getting it right.

Of course, you learn all that as you progress, but people like Patrick Parker, who has perfected the art of building million-dollar businesses in an astonishingly short time,  clearly knows the shortcuts. As an accomplished Tech Executive turned founder of SaaS Partners, a leading software company providing scalable solutions to entrepreneurs and businesses, he can help you prevent avoidable mistakes and focus on your priorities in order to expedite the attainment of a positive return on your investment.

“Unequivocally, funding is the most imperative part of kick-starting a high-growth startup as capitalization is one of most critical parts of a business; if your cash flow runs negative, your startup just ceases to exist,” says Patrick.

He says that each round of funding has different objectives and milestones. For an instance, seed/pre-seed founders try to build and launch their products in hopes of gaining early traction, hiring a few key employees, validating their initial assumptions about the market, and even possibly finding early signs of product-market fit.

“Less than 4% of startups graduate to a Series A and become eligible for funding,” says Patrick.

That is the time, believes Patrick, that startups need to focus on the following priorities to get past Series-A and ascend to the next round of funding.

Setting new goals and aligning the team

Getting funded is undoubtedly a significant achievement in itself, but it’s just the first of many baby steps. Startups need to be prudent here in making the most of the allocated funding. To that end, it is imperative to update your existing financial model and review current performance metrics. Just because you suddenly take on capital doesn’t mean that your strategy should immediately change. Therefore, it is strongly suggested to review where you are and then proceed with alignment across teams.

Take inventory of your resource needs

It goes without saying that in order to maintain consistent growth, you need to scale your team and hire the talent and set of skills that you feel are lacking in your startup. Patrick advises entrepreneurs to prioritize their hiring process and carry on with that in parallel with fundraising efforts “Make sure you are aware of the skill sets that you need to scale, and here’s a pro tip: hire in phases so that you can manage the onboarding and training processes without detracting your focus and attention.”

Set your budget

Last but not least, set a budget for new expenditures and ensure that you have the proper monitoring and reporting in place so that you can evaluate your Return on Investment (ROI) over time.

Everyone wants to see their business garnering success but practically speaking, success has its own demands. It wants you to be patient and persistent in pursuing what you want, plan and prioritize things accordingly, and put some action on display – only then do you win its favor. Tech ventures aren’t an exception.

The priorities Patrick has listed above are the result of his years of grinding in the industry. If you follow them in the true spirit, it won’t be an overstatement to say that success is guaranteed.

Related Posts

Simran Handa Is the Social Media Expert You Need To Stay Top-Of-Mind For Your Customers & Build Brand Authority

September 6, 2022

September 6, 2022

In today’s world, social media has become an essential part of the marketing mix for businesses. Leaving social media marketing...

Meet Jeremy Jenson, Content Creator, Podcast Host & Business Influencer Behind the Largest Privately Held Executive Search Firm in Houston

May 20, 2022

May 20, 2022

Life can be full of challenges. And life in the fast lane can tire people out. Usually, an exceptional individual...

Gaby Wall Street – Teaching Latinas to Thrive During The Crisis

March 24, 2021

March 24, 2021

It’s no secret we are facing one of the most challenging financial times of the last few decades as we...

Designer Samantha Jones Shares Future Plans for Luxury Sustainable Swimwear Brand Beau Swim

June 17, 2022

June 17, 2022

“Elegance is refusal.” ― Coco Chanel It’s easy to accept. It doesn’t take much daring. We learn from the journey...

Why Millions around the Globe Are Praising Rena Malik for Her Effort to Highlight Urological Issues through Her YouTube Channel

July 31, 2022

July 31, 2022

With every hardship comes ease, with every sorrow comes happiness, and with every trial comes a lesson. You may lose...

Unveiling the Hidden Strategies of Pre-Market Trading with Expert Trader David Capablanca

August 21, 2023

August 21, 2023

Check this out – a surprising 64% of US day traders end up losing money, leaving only a modest 36%...

From Graphic Design to PR Maestro: The Evolution of Dulce Lopez

July 28, 2024

July 28, 2024

Creativity flows through some people like a river, making them naturals for the imaginative playgrounds of marketing, PR, and graphic...

Amanda O’Brien’s Blog The Boutique Adventurer: Perfect for Mature Travelers Seeking Luxury and Adventure

March 4, 2023

March 4, 2023

As we age, our preferences and priorities shift, particularly when it comes to travel. Mature travelers seek adventure-filled trips without...

Meet Dr. Brenda Joseph-Juste: A Dedicated Educationist and the CEO of Meagan’s Academic Tutorial Center

February 21, 2023

February 21, 2023

Education is the most powerful tool for any individual to grow and progress. Educationists play an essential role and are...

H Due Posts Their Journey with Nora on Their Instagram @Nora.no.ears

September 7, 2022

September 7, 2022

In January 2020, H Due celebrated and welcomed the arrival of another family member into their home. Initially housing little...

Meet Michael & Nicole Francis: The Power Couple behind the Famous 1776 Faux Farmhouse

January 26, 2023

January 26, 2023

What do you think of when you hear the term “DIY”? Home improvement projects, craft projects, renovations—right? But for Michael...

The Many Obsessions of Content Creator and Dog Breeder Mo Shaikh

February 17, 2023

February 17, 2023

Mo Shaikh wakes up before the sun rises and offers prayers before making a to-do list for the day in...

This Promotion Strategy Genius Is Disrupting The Marketing Models

March 24, 2021

March 24, 2021

Have you heard of the nightlife setting in Atlanta? It is a bubbly and rich culture that is recognized from...

Unlocking the Secret to Successful Business Leadership – An Insightful Journey into the Life of Dr. Courtney R. McCashland

March 22, 2023

March 22, 2023

Success for any leader in the business world is a combination of many factors including hard work, perseverance, and commitment...

“Anger Unchecked Can Be Destructive” – Watch Ricky Kidd Channel His Struggle into His Passion

July 4, 2022

July 4, 2022

Humans have the tendency to ignore the overflow of emotions they experience, fearing it might become a setback. To counter...