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Chad Wittman

๐Ÿ‘ค Speaker
205 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

And I think that's great for a small business model.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

When you start talking about VCs and Series A, that model changes a little bit.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

2013.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

I can't remember the exact number.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

But I know within two months, we were making about about $20,000 a month with that drain checker.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

And so that at that point was kind of where I considered breakeven ish type costs.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

And then by the how much are you guys paying yourselves each?

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

Uh, let's see.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

I think I was drawing a salary of about 20, 25,000 to start off.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

And I think we were all around that same thing.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

And we wanted to all get to about 50 or something before we felt like we were actually making what, what we could kind of at our, at our old jobs.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

And then the rest was kind of, you know, gravy icing on the cake.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

We sold it last year, so that would have been summer of 2014.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

Okay, summer.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

Well, actually, you and I have had some really interesting conversations in the winter of 2014, kicking the tires a little bit on that during checker.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

Yeah, I think that I remember the conversations and I was really impressed by how much you knew and how many great questions you asked me that I had no idea to.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

And it was actually a phenomenal experience for me as an entrepreneur because what I did to answer your questions, then I had this framework to go talk to social bakers and say, I know my shit because Nathan already asked me all the hard questions.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

And so now I know those numbers.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

You asked me so many basic questions that I didn't have answers to because I ran our business like it was the wild west.

SaaS Interviews with CEOs, Startups, Founders
Quick Way to Sell Your First Company For More Than $1m

Yeah, you drove at a lot of those things, even basic churn.