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Arun Saigal

๐Ÿ‘ค Speaker
115 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

It's very convenient that we have the venture.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

The way we make money right now is venture capitalists give us money and then we use that money to fund the company.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

So we've raised about 3%.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

So the idea was, as you pointed out, it's a crowded space and we wanted to make sure that we built the single best product out there and had everyone on our platform and excited about our platform.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

And so what we did was we raised that money so we could hire the team that we needed and kind of build the product that we needed.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

You'll see that we already have some

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

between our open source and proprietary stuff, some 7 million people who have built apps on our platform.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

So it's pretty large and there's a lot of, you know, costs that we have associated with it.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

But the goal is that we start charging people in the next few months for premium features.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

So yes, take a little bit of a hit early, but that allows us to build this platform out.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

And then from there, hopefully we're able to generate enough revenue that we can actually cover our costs long-term.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

What year did you launch the business?

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

We launched the business at the very end of 2015, beginning of 2016.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

Today, there's 10 of us in San Francisco.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

Absolutely.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

So there's two things we've done.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

We've already turned on revenue in one small stream, which is if you're a third party that has an API and you want to reach the millions of citizen developers that we reach, then you can actually integrate your API onto our platform and we charge you for that.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

So that's one way we do that.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

No, it's tied right now.

SaaS Interviews with CEOs, Startups, Founders
823: SaaS: Pre Rev SF Based with $3.3m Raised Aiming to Help SMB's Build Mobile Apps, Will People Pay?

We've done it tied kind of charging per integration.