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Amkaram Chandani

๐Ÿ‘ค Speaker
165 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

Um,

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

Because they didn't know much about... So I think it was 50-50.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

So I told you, right?

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

250 was for the equity and 50%, 250 they gave on the interest.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

They just wanted to balance it out.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

I will do the debt in future, for sure.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

More than equity?

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

More than equity.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

Why is that?

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

Yeah, because I...

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

I think when we start, we know where we can take this company to.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

Right now it's growing and it's growing very fast.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

So even if I have to give up a certain percentage of equity, I know it's much more valuable three years from now, which I can cash anytime.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

So we have an offshore development center in Bangalore.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

My other company, like Metromex, we do a lot of IT and BPO.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

So we have about seven people, developers.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

We have seven or eight salespeople onshore in the US.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

And then we have about six or seven operations folks.

SaaS Interviews with CEOs, Startups, Founders
Trucker Sells his Company for $300k cash, Launches $1m ARR SaaS

It's primarily cold calling.