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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

We had to build the tech.

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

I would do it all over again because that really allowed us to grow over 100% where our whole industry kind of fell off the face of the world during the COVID.

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

And also it's allowing us to really scale up at this point.

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

Not as bad as it could have been.

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

We still did an up round.

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

So the previous round, yes, everyone was going down.

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

We still had not a huge increase, but definitely somewhat of an increase.

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

And it was enough that we're like, it's enough money to make sure that we have the next two years if we ever had challenges.

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

We weren't burning a lot of money because we're making a lot of sales.

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

So, and just to put it in our perspective, we were doing about 800,000 or so right before a month, right before the pandemic hit.

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

Pandemic hits, our sales drop off to 300,000.

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

So you can imagine being in a space where every trade show, every event, all offices are being closed.

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

Like how can you survive doing 300,000 when the team is built for like break even at 800,000?

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

So we had to do that.

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

We got about five months later, our sales started to incrementally grow.

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

And in November, December, we're doing three to 4 million a month in sales.

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

So it really picked up at the end of the year.

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

Yeah.

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

Custom ink approached us.

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

We had a, um,