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Derek Capo

๐Ÿ‘ค Speaker
302 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

Average revenue per client was about four or five thousand, maybe more than that.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

At the end, it started getting higher.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

But I think what's important is that it's not very easy to get people to send their 14, 15 year old child, plus a check for four or $5,000 and send them over to China.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

So the average, yeah, the average is about seven or eight.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

I'm saying in the summers we would have kids that would pay us like four or five grand.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

And then we would have in the fall, we would have people that would pay us between seven and two.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

an average.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

So, um, so yeah, it's about, it's about $7,000 average, 300 something customers, about two point something, $2.2 million.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

Correct.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

Yeah.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

I mean, I lived a pretty decent lifestyle in China.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

I mean, it's pretty cheap, so, but it was a fun business.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

I learned a lot.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

I learned the importance of trust, of building a business and getting customers to trust you.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

I mean,

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

Getting anybody to send you a check for $5,000 in a business in China is not easy.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

So the name of the business is actually called Efin.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

What we're doing is we're creating... Spell that for us.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

E-F-I-N.

SaaS Interviews with CEOs, Startups, Founders
From $10m+ Hedge Fund Details to $2.4m Travel Company To FinTech Startup with Derek Capo of eFin EP 209

Okay.