Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Hank Leber

๐Ÿ‘ค Speaker
228 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

And my million run rate business died.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

But there are 10 million, 20 million run rate businesses that also died.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

Same fate, building on the back of Google or YouTube or whatever.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

And I think that that's just an automatic trigger to say, let's cut this and do something else because the odds are coming back.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

Yes, and I believe with the angel investors looking for their 100X or 1,000X, they're willing to play that game.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

But once you have that loss, it's not a stumble.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

It's an absolute explosion.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

Yeah, so the agency was partnered up with Amplify.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

the startup accelerator in Los Angeles.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

They have a really high quality program, writing check size about 200,000, and they'll do 10 companies a year right now.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

So it was a really high quality group of companies that we knew needed growth marketing and could use agency style service like what we did with Vitamin, only human instead of machine, so we weren't violating any sort of policies.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

So grew that company to pretty close to a million run rate as well in the first year.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

And it's an agency.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

So we're not talking about SaaS here.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

We're talking about, you know, having a dozen or so clients and, you know, they're all paying, you know, five to 10K a month.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

You quickly can get to that run rate.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

But with the human capital on there, the margins were different.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

It was a very different kind of business.

SaaS Interviews with CEOs, Startups, Founders
1110 Why His $1.2m ARR SaaS Company Shut Down

And, you know, we saw that it wouldn't scale the same as a SaaS business.