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Jan Elman

๐Ÿ‘ค Speaker
170 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

You need a lot of people to throw at the problem.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

We nicely fit in the middle.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

So this used to be the 4GL space.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

So back in the days, you had all these great 4GLs that you would use to build business applications.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

And we live there.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

So right between the low-code environments on the low end and do-it-yourself platforms on the high end.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

So today we're serving a little bit more than 1,000 customers and growing at the moment.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

So in our first years, obviously when you're growing from $1 to $2, you can easily double your revenues.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

In the past five years, we've sort of stabilized that at around 30%, and that's the revenue rate at which we can grow without doing external funding.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

We may be considering in the next three years now that the market is much larger than it used to be.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

to do an additional funding round.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

And we believe that with an additional funding round, we could put the growth rate back to 100% year over year.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

Well, as a privately held company, we don't publish our ARR other than just the metrics of how we're growing and the number of customers that we have.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

Yes, because the the corporate clients are a little bit lower.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

But yeah, we have that we have a healthy revenue within a company where we've been profitable since 15 years as an organization.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

One of the reasons.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

Well, we did one funding round in 2008.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

So this is 10 years ago.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

And the idea then was in 2008, we will need a lot more funding rounds.

SaaS Interviews with CEOs, Startups, Founders
1586 How He Built a $30M ARR Company With Just $1M Raised in PaaS Space

But so far, we didn't have to do any.