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Ferris Speddy

๐Ÿ‘ค Speaker
204 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

So there was that one point here in 2020, where 90% of the world's pools were shut down completely.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

So you actually couldn't swim.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

So we actually pivoted the business.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

And in the app, we actually have at home training programs.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

to do without a pool so you can train holistic experience so if you do have a pool great you can obviously go swimming if you have open water you can go in the lake or ocean whatever you have and if you're at home and you don't have access to a pool or you want to complement the swim training you can do that in your house as well ferris let's talk money it sounds like you've had some success here when did you launch the company what was your one

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

Yeah, it was all sweat equity in the beginning.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

So myself and my two co-founders, we were basically funding it ourselves.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

We launched the app in 2015 on iOS and Android, and we didn't launch the subscription until the following year.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

So we didn't take any investment actually in that first year.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

First year, I think we had like 6,000 downloads.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

And it wasn't until 2016, we did an accelerator program, get a little bit of initial investment.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

And I think in our second year, when we started monetizing, we hit like 100,000 downloads total at that point.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

And revenue-wise, we're talking like thousands of dollars.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

We did zero.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

So we didn't even have this.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

That was like, we just launched free app, get things going.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

And then the next year we launched this.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

Yeah.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

First year was like 14, about 20,000.

SaaS Interviews with CEOs, Startups, Founders
MySwimPro Hit 15k Customers, $1m in ARR Selling Swim Instructions

And how did you make the revenue?