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Isaac Hayes III

๐Ÿ‘ค Speaker
196 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

That's the thing.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

It was just they wanted to come on board and be part of the platform.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

So I allowed them to do that.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

I mean, the only other capital that we raised at StartEngine was just StartEngine.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

It was just myself, Romero and his team, and then we went to StartEngine.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

We raised about 3.4, almost $3.5 million, right at $3.5 million at a $20 million valuation.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

So that's about 15% of the company.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

You're saying 20 million pre-money.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

Post-money is 23.5.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

Probably about 20, maybe more even with development.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

I have a senior team of executives that work on a bunch of different things, especially onboarding and marketing.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

We have sports and music, so there's a lot of verticals to the platform that require a lot in building some of this technology.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

You have to have the right personnel that helps you scale in those different areas.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

um the executive team is pretty robust and even on the um the uh marketing and um the metric side our data and analytics so yeah so 20 people how many are engineers probably half you know about half about 10 engineers and then flash out one other story for me we haven't talked about how you guys make money

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

So Fanbase takes 20% of all the revenue that comes through.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

So it goes through in-app purchases through the Apple app store.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

So for every dollar, you know, Apple and Google take 30 cents.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

We take 20 and we pass 50 on to the user.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

And that can be a lot of revenue as you scale up with users.

SaaS Interviews with CEOs, Startups, Founders
Fanbase Helps Creators Monetize, 200k Downloads, $300k in Total Volume

I don't know right off the top hand because we're rolling right into the end of the year, but not off top.