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Don Simpson

๐Ÿ‘ค Speaker
157 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

So it's an 8,500 a month.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

But I mean, we launched this, we actually launched the business on the 1st of March, which was a weird timing given COVID.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

So we're still, we're working and still playing with that, but that's, that's where it's at right now.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

Yeah, we've got eight clients in production.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

We were hoping to hit 100 in MRR at some point this year, and we've already hit that.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

So we feel pretty good being part of COVID.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

In that range.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

Well, it's, it's, it's a, it's really a revenue tool.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

So, you know, what we did historically is with our BPO, you know, we were looking at our, you know, minimum entry point would be about $50,000 a month.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

So, um,

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

I guess we're used to dealing in that world and in that space.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

Typically, we would go in, depending on what the volume in their ACV was, we would need somewhere between 15% and 40% of the revenue in order to make it viable.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

Now, with this tool, we're trying to figure out, well, how can we get in?

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

It's another piece of technology in their stack somewhere around

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

get to with the incremental revenue that we're generating and what we get compensated for.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

But that's really, it's because we went from, Hey, we're going to do this.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

We do it all as a BPO to now it's a SAS play and a technology product.

SaaS Interviews with CEOs, Startups, Founders
Lift-Ai Spins Out of $10m Agency, Goes $0 to $1m Run Rate in 4 Months Bootstrapped

Yeah.