AUSTIN — Chaos erupted at a Series B pitch meeting yesterday when 'SaaS-quatch', a local CRM provider, revealed they had been profitable for three consecutive quarters.
"It was disgusting," said lead investor Brad Venture. "They showed us a P&L statement with positive numbers. I didn't know what I was looking at. I thought it was a typo. Where's the burn rate? Where's the 'path to profitability' slide that just points to a question mark?"
The founders apologized profusely, explaining that they had accidentally sold their product to customers who wanted to pay for it. "We were just trying to find product-market fit," sobbed CEO Jenny Code. "We didn't mean to make money. We promise to hire 50 middle managers immediately to fix this."
