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Enrico Casati

๐Ÿ‘ค Speaker
153 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

We haven't done it yet because we don't have enough inventory, but we're waiting for a big delivery of shoes actually the coming month in February.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

Let's get the romantic story first.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

So the first idea came up in the summer of 2012, and I quit my job in November of that year, and we launched the first collection and the website in May 2013.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

So it took around six months, I would say, from...

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

the first full-time day working at Velasca to actually being able to sell my products.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

And it was mainly sourcing the products, so finding the right suppliers, which is not easy at all.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

And getting the technology, the website, and getting my head around the strategy to successfully launch the business.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

And since then, I would say the first year has been a lot about testing and with really small budgets because we financed it ourselves.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

And since September 2014, we've had more people.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

Around 15,000.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

More or less.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

It still sounds amazing to me when I say it.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

In US dollars, it would be around 210.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

So it's a bit more than the one pair of shoes, 1.3, I would say.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

It also, that's actually one of our goals to increase that by obviously by adding some accessories and some complimentary products.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

That's gonna be like a strategy for the next 12 months.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

Oh, I mean, we have a very good repurchase rate.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

Within the first six months, that's one of the best statistics that we have.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

One third of customers buy again.

SaaS Interviews with CEOs, Startups, Founders
EP 603: Velasca Has Sold 20,000 Italian Shoes to 15,000 Men, $1.6m 2016 Revenue, $750k Raised with CEO Enrico Casati

So it's a business that to make money very much relies on the quality of products because you want those customers to come back.