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Collin Holmes

๐Ÿ‘ค Speaker
121 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

We kind of found our product to market fit.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

Enterprise was the way to go.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

We had to build enterprise functionality and redesign the dashboard for that because it was a very simple SMB dashboard before and just crushed it in 2015.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

You have to quantify that somehow.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

Yeah, it was more like 5X.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

And so we had massive growth in 2016.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

So we went out and said, okay, it's time to go raise some funding.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

So we went out to raise a million.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

We ended up raising about closer to 2 million.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

We grew from about 15 employees to roughly 40 within three months.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

So pretty rapid growth.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

So to give you a sense, 2013 to 2014 was 100% year-over-year growth, revenue-wise.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

Same for 2015 to 2016.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

Over the last 12 months, we were looking at about 85% year-over-year revenue growth.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

Very good retention numbers.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

We're about 90% annual retention.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

Uh, actually the numbers are pretty similar on both.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

Nope.

SaaS Interviews with CEOs, Startups, Founders
1077 We Bootstrapped Our Way to $2m in ARR, Now $10m ARR

We have a lot of upsells as we have additional products and services that we offer.