Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Connor Lee

๐Ÿ‘ค Speaker
151 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

The enterprise is basically, we've taken elements of our consulting business and then built the custom code for our big clients.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

We have about six pretty large SaaS clients that are paying us $180K a month in total.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

We've been around for a while, so we've got a lot of software, we've got a lot of processes, a lot of people.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

Yeah, and so all that's been, our growth has been really driven by just kind of listening to our, kind of going after these bigger clients that, you know, bigger companies have complex organizational needs and they're willing to pay money, a lot of money, to solve these complex organizational needs that you can't just, that they can't, you know,

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

throw their own developers out or can't, um, you know, can't throw, you know, sales operations or marketing.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

We have zero.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

A while back.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

So we use lighter capital.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

Um, yeah, we were, we haven't, uh, our loan was, uh, 150 K in actual loan and we had a 50% interest paid over, over three years.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

So we paid 225, uh, K 75, 75,000, you know, in, in, uh, in, in fees and whatnot.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

Uh, so it was, uh, it was, but I, it was a good experience.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

We enjoyed it.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

And, um,

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

And in general, we haven't done it yet, but there's a lot of people, I'm not sure when this is going to air, but there's a lot of resources around COVID, Small Business Association resources that a lot of companies, you know, are a good way to get really cheap debt.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

It was no equity at all.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

So we have some friends and family that, that have done safe notes, but not, not, not a, not a significant amount.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

So there's no actual, like, you know, true equity on, um, on our, on our books.

SaaS Interviews with CEOs, Startups, Founders
1714 Do This Today: How Much You Get $349b PPP Stimulus for SaaS Founders

So we haven't fully decided to apply yet, but we actually built a resource site, covid.gopercentus.com.