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Adrian Dayton

๐Ÿ‘ค Speaker
447 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

And I don't say it's a good question because I'm stalling, but I say it's a good question because

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

our market is finite.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

So law firms and accounting firms and recruiting firms that are a fit for us, there are only about 3,000 total customers.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

That's our addressable market.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

And so when you talk about cost of client acquisition, well, it's about $3,000.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

But if we spent twice as much

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

we couldn't necessarily acquire twice as many customers because the market is just limited in terms of the size.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Absolutely.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Yeah, less than six months.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

And this is kind of the next step for us.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

And we don't have enough cash to build out.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

If you say like, how could we triple in size in the next year?

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Well, it would really require that we have a major cash infusion so that we could build on, bring on salespeople to go after these other verticals.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

How much cash?

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

How much cash would we need?

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

I don't know.

SaaS Interviews with CEOs, Startups, Founders
1168 Social Media For Lawyers Doubles YOY to $1.5m ARR, Raising $1m?

I mean, we'd probably need at least a million dollars to really expand to these other industries.