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Chris Straw

๐Ÿ‘ค Speaker
182 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

Or do we actually take this and make it a SaaS product and become a product company?

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

And folks were a lot more interested in the latter than the former.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

And so we... And who are the folks?

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

So there's, I mean, we talked to the whole company of about 12 people, but the leadership team was, was really the ones that were like super aligned on let's be a product company and which was five people.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

It's me and my co-founder.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

And then we have a head of customer success, a head of sales and marketing, a head of product.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

That's exactly right.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

And so we shut that down in shut the agency down in September, reincorporated as a C Corp in October and then started looking for funding.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

Yeah.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

So we raised this year.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

We started looking for funding in October and it's tough to pull together funding in less than three months.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

And so we had term sheets and stuff in November, December and did a, you know, small seed pre-seed round in January with like one or two customers and like 11K in annual revenue.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

And, you know, have grown it a lot since then.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

Yeah, I mean, that's an option.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

I think that the hard part is, is that there's sort of this rising tide, right, of design systems.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

We view this as a step change in the way that people think about building product.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

And that market opportunity window is pretty small.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

And so we could grow it organically, but it would take us four or five years to even get to the point that we're at today where, you know, we have a substantial base of large enterprise customers and a whole host of smaller customers.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

So it varies a little bit because we have a self-serve offering in the enterprise offering.

SaaS Interviews with CEOs, Startups, Founders
The Next Figma? KnapSack Hits $40k MRR in 6 Months For Design and Dev Module Tools

We have, you know, about 15 enterprise customers and then, you know, a couple dozen smaller customers.