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Eric Beans

๐Ÿ‘ค Speaker
153 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

We're approaching 500.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

So we're growing pretty quickly and trying to keep on going in that direction.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

So all is well right now, knock on wood.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

It's in that area.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

That's a very solid Virginia Tech math.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

Both.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

I started bootstrapping and got the MVP out, raised capital, and it's been a combination of self-grind and a little bit of money on the outside.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

$262,000.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

I wish my family has the ability, but I didn't go to them.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

I actually went to, um, uh, friends, people that had worked with them business.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

And then a couple outside investors, you know, we have the former COO of AOL, um, is, is one of our investors, Kimberly Partol.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

Uh, and then we have a former VP of HSN and we have, uh,

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

A guy, Brett Kingstone, who was a former CEO of a publicly traded company, is one of the investors.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

So we've got a nice potpourri of people from different niches that we can leverage to help get us where we're going.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

It's about 566%, basically.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

And when I say basically, you know, you have to sort of, it's hard to pin down because of the server costs and the variable costs associated with it.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

But the raw margin is about 566, and that actually goes up.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

Oh, 500.

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

You mean $0.04 a text?

SaaS Interviews with CEOs, Startups, Founders
776: TextingBase Shares Margins, Cap Table, Valuation, More

Yeah, 4 cents a text, that's correct.