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Luke Feeney

๐Ÿ‘ค Speaker
157 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

And how do you join that all together?

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

I mean, it's kind of a nice problem to have because it's a growing pain.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

It shows that you're becoming relevant across the organization rather than just relevant to an individual.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

So like we try and do a sandwich strategy then.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

So then start approaching the CTO to say what the value is and then try and bring it through as being a more enterprise sale at that point.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

Like when we came out of university first, we were very much an enterprise sort of company.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

We tried to do large scale graph installations to solve big enterprise problems like predicting how much stock you need to have in your physical warehouse.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

So we have enterprise sales chops.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

We just felt that it was going too slow.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

We weren't going to be able to get the growth targets that we were looking for going with that strategy.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

So we shifted to open source and bottom up just to try and give us that potential runway to grow faster.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

to be something really big rather than what was becoming a kind of consultancy, you know, case by case.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

And so we can do the enterprise sales and we can prove our value top down.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

We just need the engineers to start using it to show the management, you know, why they need it.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

So we have about 700 people up on the cloud version, but we have about 700,000 downloads of our open source version as well.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

Well, paying or a small amount, some of them are paying.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

I'd say about 50% of those are paying customers and about 50% are on the free tier in the cloud.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

So it's the number of people using a team.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

So basically you hit three on the team and then you got to go up to pay.

SaaS Interviews with CEOs, Startups, Founders
This Developer Tool Doubled To $240k ARR And Raised at a $14m Post Money Valuation

I see.