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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

Um, that we've committed to a minimum, that's our minimum.

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

So it really doesn't affect, uh, you know, our overall, that's, that's just our $12,000 a year is what we've committed to Twilio.

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

And then, um, you know, as we get to the next level and we're not that far away, we'll be able to do a sign in another contract to continue to lower, lower our costs.

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

I started in 2012.

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

I was in banking.

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

I needed this product.

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

Nobody had it.

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

So I left banking and started building it.

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

Of course, you know, I knew building a business was going to be twice as long and twice as much.

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

So I factored that in and it still ended up being twice as long and twice as much as my doubling.

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

So it took about three and a half years.

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

And part of that's because my team, we had to take on additional projects just to be able to fund them and pay their salary.

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

We have an engineer up in Maryland who does back-end work and programming.

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

We have a programmer down in Orlando, a user interface professional in Orlando, an attorney that I'm married to, and myself.

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

Well, originally we targeted mortgage providers and real estate providers.

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

So I- How?

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

Oh no.

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

We started out with emailing blasts, you know, and using different email lists through third-party providers that had those lists.

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

I started using personal connections and with the personal connections, I actually used our product.