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Jeremy Parker

๐Ÿ‘ค Speaker
200 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

I wanted to trigger them to go back to our site.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

And that's what's happening.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

People just don't forget the name.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

So it was an unbelievable buy for us.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

For us, we were working out of my co-founder's pool table room in his apartment building, so heads down.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

We felt like at that point, we needed to expand the vision and we needed more people to have eyeballs on the product.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

Being part of Techstars, you just get introduced to so many investors and so many potential customers and other founders going through similar challenges.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

It really allowed us to

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

kind of figure out where we want to be and where we could take it.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

So when we joined Techstars, it was just two of us and one employee at that point.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

And from that moment, we did $1 million to $3 million to $7 million, $15 million, and we really, you know, $33 million expanded from there.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

In May 2019, we did about, I think, like a $700,000 round.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

At that point, we realized this distribution model.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

We actually needed the money to build out this whole new business.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

If you think about it, the business was doing really well in terms of growing every single month in terms of bulk ordering and distribution to one address.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

In 2019, we really realized the shift of work among culture.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

That was a big heavy lift.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

It's really building a whole new infrastructure, 3PLs, warehousing, all the complexities of calculating shipping times and shipping costs in real time based on bundling of products and all these kinds of efficiencies that we've never dealt with.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

So we had to learn this whole thing.

SaaS Interviews with CEOs, Startups, Founders
CustomInk Paid Over $20m for Swag.com, Will do $60m+ This Year, 30% Margins

We had to hire the right people.