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

What if we could automate, I don't know, half to two thirds of the processes so that we could kind of crank through a lot of clients?

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

And the learning there about six months in was early stage companies are so needy that that's not really a thing.

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

It has to be a custom build every time across the entire spectrum because they don't know their early stage company.

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

You think about 500K to a million customers.

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

in funding, you probably don't have your full market product figured out.

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

You don't have your message.

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

No, no, no.

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

So the agency was healthy and the service was fine.

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

It just wasn't something that would scale.

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

And personally, I'm not particularly interested in spending my time on stuff that isn't going to scale.

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

It started to feel like a, you know, a slower process to growth of that business.

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

You look at some of the businesses out there in a similar space.

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

Still running.

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

It was acquired by Hawk Media here in Los Angeles, which is a very fast-growing growth marketing agency.

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

Yeah, so they looked at the book of business, and you know how agency acquisitions work.

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

They're going to look at the book of business and figure out what it's worth to them and what their risk tolerance is there.

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

And then we made a deal that made sense for Amplify and for me and for my clients to make sure they had a happy home and that Hawk would be able to take the book of business and run with it and a few of my team members to help them run that business.

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

No, it's not, not, not with this deal.

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

This is one where it's very healthy business and the clients were high quality clients are very happy.