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Maeve Kneafsey

๐Ÿ‘ค Speaker
156 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

We have three customers, and we have two proof of concepts, which are separate to the customers.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

Oh, they in total, if we were to calculate them across the year, it would be 10,000.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

So we really are early stage.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

Exactly.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

Yes.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

And if you knew how painful that is, you'd know that it's not good.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

So our pricing, like everybody else, we've struggled with this one.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

And what we've come down to is the fairest way of doing it is we base it on their ARR.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

And there's very good reasons for that because we learned very quickly.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

We did a lot of discovery with companies in the US to find out exactly what's going on with SaaS businesses.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

And what we discovered is that in the very early days, your metrics are pretty damn simple, right?

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

Just survive, know your run rate, get as many customers as you can.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

And then as you grow and grow and grow and grow,

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

The metrics become more complicated.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

There's more data points.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

So that's why we've based it on the ARR because the two of them reflect one another.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

I suppose in a couple of ways, we would see it different because of the genuine plug and play self-service model that we are really chasing.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

Because we don't want to be selling a whole lot of professional services to make this work for you.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

we want you to literally be able to pop it in, plug it in and use it.

SaaS Interviews with CEOs, Startups, Founders
1280 Will she be able to raise $1m on $3.5m Pre Money with This MRR?

Yeah, of course.