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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

About $3,600, somewhere around there.

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

Correct.

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

Servers, software, employees.

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

Well, our server costs run between $380 and now they're going to be more because we're actually running two concurrent server infrastructures while we do some additional porting over.

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

So our server costs right now are running about $900.

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

a month.

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

Um, you know, it's, it's your standard, you know, uh, three, 3% processing, uh, you know, 2.5, depending on whatever we're actually running through there.

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

But you know, our costs are, our costs are pretty low.

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

It's a nice business model overall.

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

I like it.

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

You're doing the math for me better than I can.

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

We negotiated it.

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

So we actually signed a contract for volume.

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

The more volume you do, the lower your costs are.

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

But the traditional cost for it is three quarters of a penny.

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

And because we got over a certain threshold, we negotiated with Twilio directly.

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

And we're able to reduce our monthly cost per transaction.

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

Yeah.

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

Well, originally with $1,000 a month in the next level, the next iteration, there's actually tiers at $1,000 and $5,000.

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

So our next iteration where we're going to get an additional break is at the $5,000 a month level.