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Luther Birdzell

๐Ÿ‘ค Speaker
142 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Everything's positioned to scale.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Um, it's, it's the thing that your venture capital is like having conversations about really just add money and start selling a lot more.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

So we can return a lot more, you know, we can return a huge, uh, a huge, uh, we can provide a huge return to our current investors as well as the investors in this next round by bringing capital to hire, uh, more sales and professional services ahead of revenue.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Yes, we do.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

And we've started a search for a chief sales officer who will help accelerate that process even more.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

I was very involved in sales.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

I didn't run sales, but I was very involved in it in my last company.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

John, my COO, has done a lot of sales functions in the oil and gas industry.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

So between the two of us, we've

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

gotten the business this far and are being very thoughtful about bringing in, uh, or expanding the management team, um, with, uh, with a senior sales executive who, uh, you know, can help even more.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Um,

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

You know, Nathan, there's still a pretty broad range around that.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

A Houston customer has a pretty different cost than an out-of-town customer.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

We're still figuring that out.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

I'll try and give you a range again.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

Our lowest cost of bringing in a customer so far has probably been in the 5K range total.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

It's happening very quickly, local customer.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

On the outside, we haven't invested more than 50 yet in bringing a customer on board.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

So it's, you know, the obvious one, it's cost of the people, cost of the resources who are conducting the meetings with the customers.

SaaS Interviews with CEOs, Startups, Founders
1334 This $600k+ ARR SaaS Helps Oil and Gas Companies Predict Oil Well Production

And that's both a salesperson, a sales executive, as well as the technical kind of pre-sales support.