In this episode of Profiles in Courage we hear from Stu Grubbs, CEO of Lightstream. Stu tells an emotional story about the reality he and his team faced when they almost closed their doors with a deal from one of the largest companies in the world in their hands. There are so many courageous decisions that CEOs have to make in this situation. Today, we explore the importance and the risks of transparency with your team, and also the challenges of fundraising a Series A with $0 in revenue.
Stu Grubbs has spent nearly 15 years in tech, esports, and video games after successfully dropping out of a computer engineering track at the University of Dayton. He has been a writer, editor, engineer, EMT, designed and built liquid coolers at Asetek, and served as head of global marketing for SteelSeries launching dozens of products to fanatical audiences all over the world. He also built an app for whiskey collectors before co-founding Lightstream where he currently serves as CEO.