June 15, 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

Meghan Laurie’s Wanderlust Has Her Discovering the Untapped Wonders of the World

June 23, 2022

June 23, 2022

Traveling is an exhilarating experience. The moment you step out and feel the unfamiliar breeze of a foreign land caress...

Unleashing the Power of Technology: Brianne Harvey’s Mission to Help Restaurants Thrive in the Digital Age

September 14, 2023

September 14, 2023

Technology has become integral to our daily lives. It has transformed how we live, work, and interact. The restaurant industry,...

Nirmalya Modak Shows the Importance of Hard Work and Honesty in Becoming a Successful Mortgage Loan Officer

April 30, 2023

April 30, 2023

There is no specific prescribed rule or tactic to succeed in any field. Different techniques can work in different situations....

“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...

Matthew Peach and Mike Madigan’s M-1 Studios: Your One-Stop-Shop for Script-to-Screen Business Video Productions

July 20, 2023

July 20, 2023

In this digital age, video content has become a key ingredient to promoting businesses, their services, and audience engagement in...

Life Experiences That Shape Careers of Enthusiasts — The Wonderful Journey Of Nadia Bess as a Travel Advisor

August 11, 2023

August 11, 2023

Do you believe in those enchanting moments when the universe seems to be giving you a sign about your career...

How Can Investing in Yourself Help You Succeed?

December 16, 2021

December 16, 2021

You are the most valuable investment you can make in your life. Many people would mention their children or their...

Founder of Essentique, Mandana Navi, Shares Why Self-Care Is a Lot More than Beauty

February 22, 2023

February 22, 2023

If your compassion, love, and care are not for your own self, you are bound to remain unsatisfied and incomplete....

Travel Videographer and Social Media Influencer Sacred Thomas on Navigating the Creative Space

November 7, 2022

November 7, 2022

While the COVID-19 pandemic left the entire world in a state of havoc, one industry that stood firm through the...

Unable to Bear Any More Mistreatment, Golam Rabbani Has Come To Give the People a Voice

February 3, 2023

February 3, 2023

Everyone has their problems. Some are insignificant and superficial, while others can mean life or death. Everyone has to face...

Unlock Your Career Potential and Recruitment Needs with MatchMaker no.1’s Personalized Approach, Led by Ines Mokrani

June 29, 2023

June 29, 2023

Matchmaking is a well-known concept. Those who run matchmaking ventures are experts at identifying shared interests and goals between two...

Sneak Peek into the Life of an Inspirational Thought Leader, Benjamin Brumm

February 2, 2023

February 2, 2023

A thought leader, also known as an influencer, is a person who, in accordance with their viewpoint on a given...

Fitness Influencer Shelby Robins Explains the Influence of Accomplishments on Your Mental and Physical Health

June 20, 2023

June 20, 2023

Do you fully comprehend the factors that drive you? Identifying the root of your motivations will enable you to discern...

From Selling Chickens to Acting in The Vampire Diaries – John D Hickman’s Transition to Hollywood

February 13, 2023

February 13, 2023

Entering the entertainment industry is no small feat, and many dream of achieving employment and fame. This era has seen...

Wanting a Dedicated Pickleball Apparel Brand, John and Karen Whitaker Started Their Passion Project dink.pro

March 16, 2023

March 16, 2023

The COVID-19 pandemic took a toll on familial gatherings and outdoor physical activities. Amidst all this, a half-century-old game made...