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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

But, but I can tell you exactly as you said, it's just a hundred, you know, would be the gross 70 would be the provider payout.

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

Yeah.

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

So we were losing money as a company, definitely, especially when we made some of that investment in having the overseas center, which, you know, we as a per agent basis, we were doing pretty well.

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

But, you know, there's a lot of extra overhead costs.

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

But, you know, one thing that we really wanted to focus on was trying to get at least positive economics.

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

I feel it's that's kind of an ethos that gets lost a lot in companies in Silicon Valley where just, you know, grow is kind of like the number one thing without kind of coming up with some sort of positive economics.

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

I think we did achieve that where if you look at the amount of transactions and on a per transaction, what that cost was, we're definitely in the positive.

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

But, you know,

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

if we had kind of scaled that out to, you know, like 500 K or a million per month, for example, um, I think we had some very good early indicators that, um, you know, we would have been profitable at that point.

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

Uh, so, so we, there definitely was a focus to not try to just grow at the cost of not having a workable business model that actually had profit.

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

Um, but it's just a matter of, of, we were trying to get to the volume that, that would, um, you know, dictate that.

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

No.

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

So, um, it's a little closer to one 30.

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

Um, we had TV mountings that, that pulled the, the, the average, um, above, and then you had people that added, uh, multiple services on a job.

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

So, you know, average cart, um, would be about, you know, in the one 30 range with about, you know, 1.2 services.

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

Ah, that's, that's a good question.

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

I mean, I can give you a blended way.

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

Yeah.

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

I mean, uh, it's hard to answer.

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

So the blended answer for that is, you know, at our best, we were doing it for about 20 to 30 bucks.