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Massimo

๐Ÿ‘ค Speaker
263 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

And, you know, and so, yeah, on itself.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

It's Grow.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

It's on the Italian stock exchange.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

Yeah, the founder in the sense that I was the head of product for the group.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

And then we decided that this product was good enough to see if it would stand on its own.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

So and the interesting thing is that the company gave this little startup a line of credit So very much the way you're saying fund your business, right?

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

So there was no big check that the company that parent company wrote And so we started just with a small MVP in 2014 with a small line of credit from the parent company and the parent company never actually wrote a big check so that's the way we did it and so we started

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

First revenue was in 2016, and so pretty much zero then, and it's about 10 million ARR now.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

So it's taken some time, as you know, when you bootstrap, but very solid growth year over year.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

So it's still a business unit of this larger.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

what's that the size of the credit line at the beginning i think it was a half a million okay half a million got it so and how were they able to recruit you i mean why not you just go build this off to the side own 100 and do it yourself i was i was actually already i was the head of the head of product for the group and then i decided when this actually started you know growing fast since i had built companies before i said okay i'm gonna do this because it sounds like fun um and uh so yeah that's how it happened and it's been fun

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

Yeah, so I have a piece of it because of just, you know... Now I ask how big, right?

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

We're going to get in trouble for sure.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

Yeah, no, it's, you know, it's, I think it's a successful example of, and again, the parent company is not huge, it's about 450 employees.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

And B now the business unit is about 70.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

So but still, it's a good example of how you can limit risk internally and and create a startup, you know, that can grow organically.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

Product-led.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

We were product-led from 2014, way before product-like growth was kind of, you know, a super sexy thing that everybody was talking about.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

And so, in fact, I'm going to show in the slides kind of how this website looked in 2014.

SaaS Interviews with CEOs, Startups, Founders
Team Retreat Playbook: Why We Spend $2,500 per head for our SaaS team retreats

I mean, it's the parent company.