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Emil Brill

๐Ÿ‘ค Speaker
221 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

So listen, we're not building antimatter here.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

But this is largely an execution play as most marketplaces are.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

So you're definitely over indexing on areas like customer success, as an example.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

So the last raise that was announced was in June or July of last year.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

That would have been our seed round.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

And look, the reason is ultimately... And sorry, how much was that for?

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

So that would have been a $4 million round.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

Okay.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

Got it.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

And then some venture debt on top of that as well.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

An insurance policy.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

Don't need to draw on it, but I'd like to de-risk.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

No.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

See, there's a freemium model, and I don't want to go into the details and specifics here, but I will say there's a freemium model.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

And we have, yeah, I mean, our model has very strong triggers and retention that result in these conversions and the revenue growth we've been able to achieve today.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

I don't want to speak to those numbers either, but...

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

Correct.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

That's the trigger as that's defining activation.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

That's also the trigger for upgrading in a lot of cases.

SaaS Interviews with CEOs, Startups, Founders
5000 Building Owners Manage Jobs Using This Vendor Management Tool

Because the alternative for them is phone calls, emails, and word of mouth, the same manual processes and heavy cost of sales that they've been reliant on for the past three, four decades.