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Bassem Handy

๐Ÿ‘ค Speaker
188 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

That's really the goal.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

Yeah, we're about 600 customers now.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

We did 2.6 million automation minutes last month alone, 45,000 person hours.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

That is, if you think about it, it was probably about 10 automation minutes a month when we started in 2018.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

So the growth has been enormous.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

Obviously, we lived through those roaring 20s and had to get to cashflow break even, which we did at the end of last year.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

So I mean, that was the big transition.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

I think for anybody that's a founder now, they know it's not easy to raise.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

No, we're less than that in run rate.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

Our ASP is still a little bit lower than what our current average robot price is, but you're in the right ballpark.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

Yeah.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

So when you wake up... So we were in the middle of doing our Series C. And that was like...

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

A real kick in the gut when you realize that all of a sudden, like the entire VC market contracted.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

So we're like literally talking about, you know, two X form around valuations to we can't raise.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

Right.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

So that's that is a really stark moment as an entrepreneur.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

Like you're not going to sleep.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

And the idea here is when you're burning as hot as we were in 21, which they would share how much.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

500K, that would be a good month.

SaaS Interviews with CEOs, Startups, Founders
He Makes $20m/Yr Selling Digital Robots to Companies

We were about a million, a million a month.