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Dmitriy Pavlov

๐Ÿ‘ค Speaker
361 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

So I'll give you a range.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

Maybe it's in the realm of 100K or so.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

We actually, we did raise last year.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

We were, I guess, officially considered venture-backed at this point, which is really cool.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

We've brought on board some really, really good folks that are strategic investors.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

We're very careful about not over-raising.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

How much did you raise?

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

We raised a little over $100,000 last year, which let us essentially get into our strategic accounts right now.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

And out of those folks, we're actually able to bring on board a couple of really strategic advisors that are very senior at some very targeted firms for us.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

So initially, I did put a lot of money behind this and made a bunch of stupid mistakes.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

That was before really even Stitched Insights took shape.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

We burned money on tests and designs and things that were โ€“ How bad was it?

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

Yeah, actually a little under $100,000.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

grand maybe maybe like 50 grand of building a website we didn't really need that since then a bunch of founder stories that were really true and since then I've realized okay we can actually bootstrap a lot of this in a way that partnerships let you bootstrap in a way that you couldn't otherwise so GSV Labs

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

We're a portfolio company of GSV Labs, so through that partnership, we have lots of really great discounts and credits and things like that that we've been leveraging.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

There's law services and there's hosting services.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

There are hundreds of thousands of dollars of credits, for instance.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

The other side of this is we do have cheap labor, essentially, because the folks that are involved with the company really believe in what we're doing.

SaaS Interviews with CEOs, Startups, Founders
1727 He Spent $100k on MVP, Can He Scale During Virus?

So the team right now has grown to 13 folks.