If Silicon Valley VCs could clone anyone to be their golden child capable of consistently delivering fast 10x returns like a printing press, they would probably use Alan Hahn’s DNA.
So far serial entrepreneur Alan Hahn has started six companies he built, scaled, and exited. Including selling his very first company for over $1B. While nothing ever goes perfectly smoothly, even for repeat founders, Hahn has demonstrated an incredible talent for bouncing forward fast.
During our interview on the DealMakers podcast, Alan gave us a breakdown of his starts and exits, and the lessons he learned in the process. Plus, his strategy for structuring the right mix of investors, and the magic key to hyper-growth startups.
Turning A Layoff Into A Stellar Career In Startups
Alan was born in NJ to a father who was a chemist in the textile industry. They had a lab at home which he enjoyed experimenting in as a child.
His father’s work ended taking them around the country and world. Including living in China, Tennessee, and Georgia.
Years later, Alan had been working in Nashville when he and his wife were laid off on the same day. So, they picked a new city, and two weeks later they were in Atlanta with a job offer.
This led to Hahn’s first startup gig, as employee number one and cofounder of Shared Technologies Fairchild. It was a telecommunications startup taking advantage of the moment when the industry was being deregulated, and it was finally legal to sell phones and phone systems.
His company differentiated itself further and found their sweet spot and USP in renting their equipment and pitching the financial savings to their B2B customers. That quickly took them from nothing to $200M a year in revenue. Having raised just $40M, the founders exited for $1.1B.
Among his learnings from this venture Alan pointed out:
- The need to find your unique selling advantage
- How a breakdown in your processes can be a great sign of growth
- How to run a business based on the cold, hard numbers, and to focus on the financials
After his first exit, he moved to California and discovered its fast-paced tech scene. He found Silicon Valley almost like a company of its own. A place where everyone is intoxicated with startups and trying to find and have a part in the next Apple and Google. Here he started his second venture, Corvigo. It set the standard for anti-virus and anti-spam solutions.
Here his advantage was AI. A feature they were using long before others. Corvigo received funding from Sequoia and became the legendary VC firm’s fastest flip. They put $5M and got $42M out, in just six months.
Sequoia then invited him to take a role at one of their portfolio companies. He chose LogLogic. A company that pioneered the field of log management, helping organizations to process vast amounts of code, to be altered to potential hacks, and filter out suspicious emails.
This time Alan turned a $33M investment into a $290M exit in just 18 months.
While Alan Hahn might make startups look incredibly easy, his experience with his fourth company shows that it is always work and a learning experience. SolarX was power as a service startup. He built the team and they landed a $240M letter of credit to create the largest solar project on the continent.
See How I Can Help You With Your Fundraising Efforts
- Fundraising Process : get guidance from A to Z.
- Materials : our team creates epic pitch decks and financial models
- Investor Access : connect with the right investors for your business and close them