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Aseem Badshah

๐Ÿ‘ค Speaker
140 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

So, you know, we don't kind of publicly give those numbers, but you're kind of calculating it correctly, you know, based on, you know, kind of average number of customers in ARPU.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

And so, you know, kind of quickly growing into a, you know, a pretty mature company over here.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

We've got about 25 people in Seattle at this point.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

So, you know, it's an interesting kind of topic in conversation.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

Right now, we're actually looking at it and saying, hey, we're going to slow down growth a little bit in 2017 and really kind of target to do a 2X in 2017.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

While we focus on taking the customers that we have today and really becoming more and more core with them.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

And so the concept here is, hey, we don't need to grow a ton in terms of customers, but we want to make sure that we're really sticky and core with our current customers, get those average deal sizes up, provide more volumes, and really get kind of the product, the customer success, the onboarding, the implementation, all to a place where then in 2018 we're ready to really grow fast.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

start to three X again and really press on the gas pedals.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

That's kind of how we look at 2017 is that, and you're kind of seeing this in the market all up, right?

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

Is that it's, it's not necessarily about growth at all costs.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

We want to focus on the fundamentals, focus on our relationship with customers, really get core, really get sticky and then press on the gas when we're, when we're ready.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

25, 25 here in Seattle.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

That was just a seed round.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

That was just a seed round.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

So a little bit of convertible notes that kind of converted into that round.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

And then our, our venture capital partners with Divergent and Vulcan Capital.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

It was an equity round, yeah.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

Exactly, so it was a seed round.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

It was 500K that converted off the convertible notes, and then a million in new capital.

SaaS Interviews with CEOs, Startups, Founders
EP 583: Socedo Does $1.5M+ In 2016, $200K MRR Now Helping 200 Customers Close More Leads with CEO Aseem Badshah

Uh, last, uh, last December, last December.