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Karen Cantwell

๐Ÿ‘ค Speaker
88 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

Well, in Australia, we probably spend between $100,000 and $150,000 for each campaign.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

So that'll be a combination of 15 to 30 second spots, probably over about a six week period.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

There might be one or two weeks there where we're not on television, but just over a six week flighted period, it's probably, yeah, about 100 to 150.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

We've raised.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

So I started off purely just myself.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

Um, began with just investments, um, from friends and family to small investments to actually get the product to market and the solution to market in 2014.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

And then, um, took on an angel investor, um, in November, 2015.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

Uh, 1.6 million.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

No, it wasn't easy.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

Yeah, I was really fortunate when I started because the investment market here in Australia, certainly over the last three years, has really kicked up a notch.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

It wasn't like that when I started.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

So I was really fortunate that I had super supportive friends and family.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

But in the last few years, I think there's been more of a focus, but I think we're still probably a little risk averse here in Australia.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

In terms of supporting new tech, there's still that kind of desire to wait until it's proven before we invest.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

Um, I'm fortunate that the angel investor I got was introduced to me through a friend and he's just, just the most amazing mentor investor that you could have.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

Like he's super supportive and doesn't put any pressure on.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

Um, so if you can get an investor like that, I mean, it's, it's huge.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

We're still not quite break-even, but we're debt-free and we have money in the bank.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

We're probably burning about 10 grand a month at the moment.

SaaS Interviews with CEOs, Startups, Founders
1603 How She Used a Tracking Watch To Get Her First 1000 Customers, $20k MRR

That's mainly through staff.