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Luke Swanick

๐Ÿ‘ค Speaker
235 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

So we knew that the cash that we brought on would still have to take us through kind of our discovery and build phase.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

So we were really capital efficient on that.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

And we raised more than enough to do exactly that.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

But in terms of the mentality that we take and the way that we go about building things, we try to be really humble.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

We try to not talk about some of the numbers that we've hit necessarily.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

Because I know when I was in my founding days, hearing early big numbers and things that other founders had raised, it

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

kind of felt intimidating.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

And I think the reality is, is that anyone can do this.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

They just have to ship it.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

A hundred percent.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

I think when you're talking to customers, you want to ensure that they feel comfortable with your business and what you can build.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

But when you're talking to people that are prospectively trying to build something, it's about knowing that you don't need anything to get going.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

You can just move on.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

No, it's not actually.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

And so that's been a unique challenge for us.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

So we charge an annualized fee or a monthly fee for smaller companies.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

And then we charge a performance fee based upon the revenue driven by partners.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

So we have some really big companies, right?

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

Like Intuit, Asana, Evernote, FreshBooks, et cetera.

SaaS Interviews with CEOs, Startups, Founders
1226 How GrowSumo is Covering Base Expenses While Growing Performance Based Revenue

Nope, those are all real.