
Very First Win
Public Raised $220M With Almost No Revenue. Then Came the Reset | Leif Abraham
Leif Abraham is the co-founder and co-CEO of Public, the investing platform he launched at the end of 2019. In this episode of Very First Win, Leif tells Robert Hilmer about the stretch from 2022 to 2024 that reshaped the company. Public had raised $220M in early 2021 with very little revenue. The easy money pulled the company toward vanity metrics and the wrong hires. Leif explains how they cut the team, went all in on serious long term investors, and why product velocity went up about 5x while headcount barely moved. He also gets into the tenure data behind Public's tight core team, why he keeps process to a minimum, and how Cody, Public's in-house AI engineer, turns Jira tickets into finished fixes. Very First Win is hosted by Robert Hilmer, founder of Goanna Capital. Leif Abraham on LinkedIn: https://www.linkedin.com/in/leifabraham/ Robert Hilmer on LinkedIn: https://www.linkedin.com/in/roberthilmer/ Apple Podcasts: https://podcasts.apple.com/us/podcast/very-first-win/id1896315027 YouTube: https://www.youtube.com/@GoannaCapital The companies mentioned do not represent all portfolio companies purchased, sold, or recommended. Readers should not assume an investment in them was or will be profitable.


