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Andrew Steele

๐Ÿ‘ค Speaker
311 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

How much are you looking to raise?

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

So our initial raise, our bogey is a million.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

And, you know, the goal with that is to get from, you know, where we are today, which is about 10-ish K MRR to 80, to a million, you know, basically that to get to that hurdle for the Series A.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

And so, you know, we're, we're on our goal for the end of this quarter for one Q is, is to get to two 50 and we can point to about a third of that.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

So we're two 50 in ARR in ARR.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

Sorry.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

Yes.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

I haven't started it now.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

Current thinking is we'll start that in earnest towards the end of this quarter, early next quarter.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

I see.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

I think with that valuation story, raising here in the Phoenix market, somewhere in the six to eight pre range, if we're being really aggressive.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

As you know, valuations are lower here than they are in the Bay Area or in the Northeast.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

So that's sort of our realistic, I think, goal.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

Today, we've got about 10 brands on the platform.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

We're working on a couple of partnerships that will give us much broader reach into specific market segments.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

that we also hope to launch by the end of this quarter.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

And that's really sort of our two swim lane go to market where we're going to be selling direct to brands, but also building partnerships, loyalty platforms, you know, vertical app platforms where we can get reach to a broader set of customers and ultimately end users that way.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

That's a great question.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

I'm going to guess it's somewhere in the $80,000 to $100,000 range.

SaaS Interviews with CEOs, Startups, Founders
LightHousePE Hits $10k MRR Helping Brick and Mortar Keep Customers

So we're five full-time today.