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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?

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?

So if you're an enterprise customer, we provide you with a tool for the field

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

which you can then connect with the rest of your suite of products.

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

If you're a small customer, we are basically your ERP.

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

If you're a three people construction company, you can rely on Mela to be your

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

you know, ERP and managing your asset and your work.

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

So it's two very different use cases, which we address with the same exact product with different support and strategies.

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

Yeah, we're speaking euros.

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

So in dollars would be probably a bit like under 90 to 1000, something like that.

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

Well, so the main focus, because we're a small company, so we the founders did all the BD and we focused on medium, larger enterprises.

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

So we do a lot of the work in the field ourselves to contact the companies and do outbound sales during the first year.

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

The interesting part was that lately, once we started getting some traction, we started getting some inbound customers, which are the smaller ones, the ones with the smaller tickets.

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

We don't go after those, they're usually inbound and we sell to them.

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

So we gathered them through Google search, a little bit LinkedIn marketing.

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

And what we're seeing is that, again, with very limited data, that could be a big opportunity there in terms of keeping the cost of acquisition at a few hundred dollars and the average yearly ticket at maybe $1,500.

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

So what we want to do going forward is bringing

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

that part of the customers from being from mounting to about 10 15 of our revenues today to maybe 30 40 going forward uh because yeah we think it's a great opportunity especially if you're familiar with like some european countries there's hundreds of thousands of construction companies and service companies with less than 10 employees

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

And we want to address that in a different way.

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

I mean, we will keep the outbound because we enterprises like us.

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

And so we think we want to continue there.