In this episode of the SaaS Operators podcast, we unpack how FERMAT raised a $45 million. Rishabh breaks down why they went raised more than they initially planned to, how market pull forced their hand, and the exact process he used to close the round in just 10 days.

We also get into ad efficiency, pricing psychology, why most brands under-segment their websites, and how generative AI is already building full funnels off a single goal input. The episode wraps with a spicy take on angel investing, risk math, and why you probably shouldn’t change your entire life strategy right after it starts working.