Menu
Sign In Search Podcasts Charts People & Topics Add Podcast API Blog Pricing

Kevin Davis

๐Ÿ‘ค Speaker
220 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

And so if you can just go to Google and start, you know, raising the keyword price just a little bit at a time, you start getting maybe some of the less competitive areas, but people that are still willing to pay the same amount.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

And the nice thing that Geek Squad did was they proved the market out and made it kind of like a, you know, standard price across the country.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

So it's

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

Even if it was in a smaller town, it was the same amount of revenue coming in.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

And that's kind of how we built it out initially.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

And then just kind of took it nationwide, where now we have over 7,000 providers nationwide.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

So, yeah, um, I do have kind of a personal thing about the word marketplace where I, I consider us more as a platform.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

I would describe kind of the Airbnb where you get to select a provider, you see star ratings, um, kind of, you know, that process is more of a marketplace.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

We're more of a platform where somebody comes in, they just say what their problem is and we pick the provider.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

We kind of take care of everything else.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

Just kind of like, I guess Uber would be something like more of a platform than a marketplace.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

Cause they kind of, you know, take care of everything and you're not selecting the driver.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

So I consider it as more of a platform than a marketplace, but it's just nomenclature really.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

No, no, no.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

I mean, I don't think I'm exaggerating when I say literally nothing.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

I would consider that when we first got actual customers was about 2013.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

So our first year revenue for that was probably about $20,000.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

Um, but then we quickly grew from, you know, 60 to 130.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

And then, um, at the time of, of when we got acquired, we were doing about 275, uh, to about 300.

SaaS Interviews with CEOs, Startups, Founders
EP 396: Why He Raised $3m Then Merged With #1 Competitor

So, uh, a month actually.