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Konstantin Bayondin

๐Ÿ‘ค Speaker
132 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

I was alone for the first year in 2020, and I was able to get to the first six customers and 35 MRR.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

35,000 MRR and I started to raise money to hire the team.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

I got my co-founder, Dmitry, who first was the angel investor and then converted as a co-founder.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

Fast things forward, we are now four times larger than the company was when it was alone.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

22 a month in December last year.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

So wait, so December 21, 80 plus and December 2020, 22.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

And I started the business in 2020.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

Yeah.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

Yeah.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

By February, March, and I started to hire people February, March.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

I started to hire people in 2021 in February, March.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

Got it.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

So I started in April 2020, was running it alone.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

By December 2020, I had $22,000 a month.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

I still run it alone and I started to hire people in February, March last year, 2021.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

And by that time I had a 35K run rate per month.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

So we raised $1 million in pre-seed a year ago, closing in April.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

So it was a plain six mil post money save.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

So we could raise less because our revenue grew really well and we still didn't spend even half of the money.

SaaS Interviews with CEOs, Startups, Founders
100% YoY Growth to $1m Today, Raising $5m on $30m Post

But I believe you should raise more than you need all the time in order not to be in a position when you strive for new funding.