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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

There were some cases where it was a little bit, uh, larger, but, um, the, the difference is that the, the partnerships were zero cost.

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

And that's really why we started to go in that direction.

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

So instead of, you know, for that blended cost, that's us going out on AdWords, you know, creating all these campaigns, trying to get people to come in.

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

Geek Squad, you know, keywords were great, other keywords as well.

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

But when we went straight to the source, went to these hardware companies where they would refer jobs to us, we would be, you know, reducing the friction for them to have their customers install their products.

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

More five-star reviews, less returns.

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

They would, you know, since we're solving their problems, they just send us a bunch of customers.

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

And so once we saw that, that's why I mean, like, I can give you a blended number, but it doesn't really give a story of like, you know, the partnership was just large volume, zero, you know, cost per acquisition.

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

And that's the direction in which we started to grow.

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

And that's kind of right before we got acquired.

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

Why'd you, why'd you, um, so I would say the main reason is, uh, you know,

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

Richard and HelloTech, they come from an amazing pedigree.

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

They're, you know, Richard and his co-founders, they, I think they've done a couple of companies.

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

Richard has three successful exits.

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

Very, you know, I think he's from Excel as well, VC.

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

So they started up last year and because of that pedigree, they were able to raise just like 17 million almost right out of the gate.

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

And so,

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

they were only in a kind of like half of LA where we had this nationwide network.

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

Um, but because they had that pedigree, it would help going after these larger companies.

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

And so, you know, we started, uh, you know, talking in January about, you know, how that would work out.