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Chad Rubin

๐Ÿ‘ค Speaker
172 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

We're prioritizing features of what's going to actually service

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

uh a massive problem for our current clients and future clients uh that everyone can use right so it has to be feasible desirable uh and viable so yeah that's what we're judging based on and now we're supposed to stay on big features so yeah when we are adding features we think about okay is this gonna make us a lot of money yep hey that's a good thing i'm a i'm a capitalist too so i appreciate it now you said you grew about 4x you told me last time you're doing about three million three and a half million bucks in ar are you guys what doing 12 15 now

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

So I think even last time we spoke, we don't publicly disclose it, but we've grown.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

As you can see, if you think about our employee ramp up, the same way our revs have ramped up as well.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

Your arithmetic is close.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

So we just, we've literally been using the capital that we have and we're actually less about taking money.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

We're more about making money.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

Nope.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

And only $880,000 of that was actually, and you can see it's on Crunchbase, was actual investors outside of myself.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

No, a million is my contribution, not part of the cap table.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

And then 880 is Brian Lee from Shoe Dazzle, Honest Company, LegalZoom, James Thompson, one of the early employees of Amazon, who's founder of The Prosper Show, and, of course, friends and family.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

same same run rate that we've been that we've been focusing on we've been as you scale and grow obviously new new issues and problems arise so for us we're really really doubling down this year at least on marketing because we don't have a marketing team believe it or not we have literally scaled this business with no marketing team whatsoever i want to tell me i want to dive more into that in terms of how you've you know quadrupled your customer base since we last spoke but again back to my question over the past 12 months have you about doubled like what has been the growth

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

If you look at the employee growth, I think we just talked about this.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

It does mean more costs, but if you actually are ramping up more account managers, it means you have to service more clients.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

So all of our account managers need to be managing the clients that we have.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

So again, we have stakeholders.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

We don't publicly discuss our numbers, but I'm trying to give you a guide.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

I think that's actually a mix of both, but it takes us about a year to ramp up an account manager, to get them to run efficiently.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

into the manager clients because we have a very, very large platform.

SaaS Interviews with CEOs, Startups, Founders
1347 "Our minimum is $500m" Says Ecommerce Tool CEO

So we have to think about, okay, what's the ramp-up time, the new clients that we're bringing on board, but also, since we're nearly bootstrapped, we need to think about, we have to be very financially disciplined with our capital.