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Chris Buttenham

๐Ÿ‘ค Speaker
161 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

We really, that's sort of when we discovered that, uh, you know, we've hit this elusive thing called product market fit.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

Um,

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

defined by just surveying a lot of users and using some of the existing frameworks out there.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

But now we have churn really stable.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

It's below 3% a month.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

So it took us a long time to figure that out, though.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

And it's become the core product when I talk about the mid-market product that's

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

based on top of Slack, that's very niche for us.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

And that's why we recently developed the browser extension to sort of broaden our horizon a little bit.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

But in order to get to product market fit, in order to get that churn down and really understand who a qualified customer was, we had to narrow that scope a lot.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

Yeah, so that's where it's a blessing and a curse for us.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

So we do not yet know how to take $1 and turn it into two, which is unfortunate.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

What is fortunate about our model is that 95% of our sales come inbound organic.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

So we're relying heavily on existing channels of distribution like the Slack app directory, the Atlassian marketplace, Google marketplace, so on and so forth.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

We're investing in content marketing and SEO, which seems to be starting to work.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

But we do not do almost any paid acquisition.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

We do some experiments from time to time.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

We do a little bit of retargeting.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

So I can't actually tell you what our our CAC is.

SaaS Interviews with CEOs, Startups, Founders
Obie Growing on Slack marketplace, $25k MRR, Helps Teams Store Information Efficiently

Oh, yeah.