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Francesco Putignano

๐Ÿ‘ค Speaker
120 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

The interesting part is that we have both enterprise customers and smaller customers.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

So I would say the enterprise customers, we have six of them right now, pay an average of $25,000 a year, which would be around $2,000 a month, even if they pay on a yearly contract.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

Well, then we have a dozen smaller customers that pay about $1,000, $2,000 a year.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

So we have two buckets of customers that are very different in terms of the type of revenue they bring and the type of way they use the system.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

We got to grow faster.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

Minimum is 100% over the past several years.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

So if you think the way heavy industry and heavy work is carried on, you have systems to plan the work, systems to account for the work.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

But when you go in the field to execute the work, you're usually still relying on paper and communication outside, which is kept offline.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

So when we say we want to change the way work is executed, we want to uncover that black box, which is execution and make it trackable and transferable to what other systems companies are using.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

So think construction companies, for example.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

They use us to collaborate across stakeholders with multiple contractors or with their clients without having to exchange WhatsApps, emails, prepare paper reports, or then go back

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

to the office at the end of the day to gather all the information, put it together, and send it to their customer, for example.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

So they use a very conversational, user-friendly platform to collaborate and communicate, and then the platform does the rest.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

The information is organized and you already have all the data there instead of having to gather it, put it together, and create the report.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

So now we have about 20 customers.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

No.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

Well, the interesting part is that we have both enterprise customers and smaller customers.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

So I would say the enterprise customers, we have six of them right now, pay an average of $25,000 a year.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

which would be around 2,000 a month, even if they pay on a yearly contract.

SaaS Interviews with CEOs, Startups, Founders
Mela.Work Raising $1-2m Right Now With $200k in Revenue, Fair Valuation?

Well, then we have a dozen smaller customers that pay about 1,000, 2,000 a year.

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