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Chris Aranzio

๐Ÿ‘ค Speaker
125 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

We had an interesting trigger in our convertible note where once we hit a certain revenue threshold, the ability for me to pay back went away.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

So it was investor friendly, but I was good with it because I didn't want to be in a position where we're spending all the investor money and then I don't have the money to pay them back if they demand it.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

So it was kind of like they took a flyer and they get the reward for that.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

Yeah, policies, processes, procedures, best practices, like everything that the company knows collectively, we want to put that in one place so you can access it as you scale.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

Now, bootstrapped or raised?

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

Bootstrapped.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

Even today, totally bootstrapped.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

So we did a convertible note round just after my last episode last year.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

So December 2018, we bootstrapped the whole first year.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

And then this year, the convertible notes have grown us to this point.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

We did if we wanted to keep scaling our advertising so that it had, you know, scaling our ads on my credit cards, it got us to where we were and we wanted to keep it going.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

So how, I mean, how aggressive are you being?

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

No, last month we were probably 120,000.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

Oh, wow.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

Okay.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

So is this your main growth channel?

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

It has been to date, but it's starting to flip where we're getting more of our signups from organic now, just based on how much content and marketing we've done.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

Is it head of HR?

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

It could be HR, could be operations, could be sales managers.

SaaS Interviews with CEOs, Startups, Founders
Trainual Hits $3m ARR, 3x YoY Helping 2500 Customers Document Key Processes

So it's anyone with a team that they want to train or get up to speed faster.

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