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Jason Andrew

๐Ÿ‘ค Speaker
320 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

He was instrumental in a lot of areas of the company.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

But one of the first things that he did was make an introduction to an insurance carrier.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

It was one of the largest insurance carriers in the world.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

And they said, yeah, we'd love your product, which was really a prototype at the time.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

We want to work with you.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

And so we had a huge decision to make after a year of selling to insurance brokers, having about 20 clients on the insurance brokerage side of now going enterprise.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

And we had 13 people in the company at the time.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

And we really decided if we do this, we're going to have to take our baby, which we just built, put it out on the doorstep in the rain, ignore it and go all in on this insurance carrier, which is going to pay us about a million dollars in revenue for the next year of work and become a customer.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

So we made a bet.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

We went after the million dollars and we then worked really diligently to try and take care of the customers we had there.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

But we largely did not have capacity to do both well.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

And it took about two years to rebuild the product for the insurance carrier space while we kept the brokerage side of the business alive and spent a lot of time with those customers who were very, very, very patient with us.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

Um, so we, we didn't at that time turn off the other business.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

And so we kept growing that.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

And so now we had two businesses, one selling to insurance brokers, the other one selling to insurance carriers.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

We had one insurance carrier and that was for about almost two and a half years that we had worked with.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

Um,

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

So in terms of culture and authenticity, one of my co-founders, Garrett Viggers, he's a musician.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

And so we got into it.

SaaS Interviews with CEOs, Startups, Founders
How we pivoted our way to a near hundred million dollar exit

In the early days, neither one of us were technical co-founders.