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Ethan Anderson

๐Ÿ‘ค Speaker
232 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

More or less than $3 million a month?

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

Yeah, again, I can't share the revenue because we haven't done that before, so I can't actually share the confidential financials of the business.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

But it's growing extremely quickly, and I think that the opportunity to become a billion-dollar business is definitely there.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

Well, I mean, for the MyTime scheduler business, you know, it's going to be, you know, hundreds of, it's in the triple digits percentages per year.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

But it's a new business.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

So we're starting from a small base.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

So it's a little bit of an unfair comparison.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

But, you know, we're only seeing the number of signups per month increase every single month.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

And the great thing about SaaS is as long as we keep our churn rate low, this business just keeps getting bigger and bigger.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

It's under 10% per month.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

That's still a problem, though.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

That's why I said if we keep the churn rate low.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

I think that as a newer product on the market, we had things to learn that probably affected the early churn rate, but that's a real focus of the company now, and it's coming down very, very quickly.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

I mean, I think that you're talking about a very logical way of investing.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

I do think that sometimes in a Series A, there's probably a little bit more about the growth story and the vision that you can convey to investors and get them excited.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

So what you're talking about is probably a little bit more of a mature stage company, maybe even a Series B. Got it, got it.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

So maybe you're doing less than a million bucks per month.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

One thing that you have to add on with our business, if you really understand it, and I'll explain something very interesting to you because this is super unique.

SaaS Interviews with CEOs, Startups, Founders
EP 112: He Quit Google Now Serial Entrepreneur

Every time we acquire a small business, let's call it a merchant, to MyTime, they bring with them a gift for us.