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Adam Sandman

๐Ÿ‘ค Speaker
453 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

So they have to have a well-defined software system like ours.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

They can't just bring it together using spreadsheets or other tools.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

So that's a great example of a client that we would now proactively target.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

And then similarly, clients in the manufacturing space that, again, they want to digitize their future.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

They want to be able to deliver software-defined vehicles, software-defined manufacturing.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

So they want to be agile and differentiate, but they also need to follow all the processes they already have.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

Whereas a client that's never going to change, we don't want them as much.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

Or a client that's just an IT company that's just going to release software

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

change tools every year.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

They're not going to be a long-term customer with us, or they're certainly not going to expand and grow and be the reference that we would need.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

We want clients that only want to be our customer, but evangelize to other customers for us.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

Yeah, so the largest defense-type companies are probably paying, I have to get the numbers, somewhere in the, I guess, if you look across all their buying points, a couple of hundred thousand dollars a year.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

And they're mostly the large defense companies or aerospace companies.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

And then from there, you're going to go down into the large biotech, large IT companies, manufacturing that are paying $50,000, $60,000, $70,000 a year.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

And there is a large tail of the people paying $12,000 to $15,000.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

15,000 a year, which obviously forms the base of the pyramid.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

It's both.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

It's first of all, identifying additional personas in their organization that would use additional features.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

And that's why we actually have three flavors of our product.

SaaS Interviews with CEOs, Startups, Founders
Founder Hits $13m Revenue with No VC Raised selling SaaS to Defense Firms

So we don't just have, even though it's really one product, we sell in three distinct flavors, which target different personas.