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Mark Abbott

๐Ÿ‘ค Speaker
698 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

There are a bunch of books that are out there, right?

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

And they kind of lay out how people have been doing this for decades and decades.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

So that's called a designed operating system.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

And then after that, you come to a holistic operating system, because some of the systems don't have everything in it.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

So as an example, EOS, which I'm very close to, really doesn't have anything about figuring out how to build value.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

Because the reality is, in our industry, we're not focused, at least lots of us aren't, focused on EBITDA.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

We're focused on growing revenues.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

And so the value of the business is based upon the revenues, not the EBITDA.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

So get your arms around how you create value.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

And then the last type of operating system is actually what we're doing.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

We're creating an integrated operating system which takes all this information, all these tools, all these disciplines, and puts it all together.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

So it's almost easy to build a great company.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

So ARR as of today is about $10.4 million.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

So we raised money last summer.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

And at that point in time, our ARR was around $4 million.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

So we raised $20 million.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

All right.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

So what I'm going to do here is share with you this three playbooks, right?

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

So number one, we're going to talk about community, how we leverage community to get going, how we activate people when they get into our system, and then the top metrics that Insight Partners looked at and fell in love with.

SaaS Interviews with CEOs, Startups, Founders
He Used Community to Hit $7m Revenue, VC's chased him

And I'm going to share with you that they didn't actually understand our business as well as they loved our numbers, which is kind of a funny story.