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Dan Mockroft

๐Ÿ‘ค Speaker
181 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

I think we're going to fundraise.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

If things go as they're going right now, we should be able to fundraise way earlier than we run out of money.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

That's a good question.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

I think we're not this round for the revenue game.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

We're mostly looking at the usage numbers and at the growth and if we can hit consistent growth.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

And I think we're on the path to do this.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

And that's going to mostly depend on A, if we find good advertising channels.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

And B, if we're able to build a solid product, and there are a couple of big things that we're working on, like for example, at the moment, we're working on something called Instant Replay.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

So for example, right now, you need to reproduce your steps to report a bug, and you will be able to go back in time instead of reproducing and then just export the last, let's say, minute of your actions with technical logs so that the engineer can know 100% of the time what actually happened.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

And that's basically a game changer that can, I don't want to say the word revolutionize, but that can really change the way that software development teams operate.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

And I think that's one of our biggest bets.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

We have...

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

about 30% of people staying in week 10.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

And that really depends on the role.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

30% are still there, are still reporting at least one bug a week.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

Are they all paying though?

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

Or is that just free user churn?

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

that's for user churn like for what about paid customers um that's uh i kind of give you the specific numbers but that's like we have like one percent one and two percent churn like month over month max okay got it do you have any expansion revenue yet or is this just 24 um yes we we changed the pricing plans recently so like before we were charging packages and there you you barely get um

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

expansion because if you have a seven-person company, if you add another person, we will not see this because we have a package, let's say, of 10 people.

SaaS Interviews with CEOs, Startups, Founders
Bug reporting tool Breaks $4800/mo, 600 Customers After Raising $1.5m at $6m Valuation

So we only have one month of data for the expansion.