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Matt Britton

๐Ÿ‘ค Speaker
430 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

What I can say is that we're going through a process right now of essentially doing another spinoff.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

We're essentially taking the people and the software, and we're pivoting what the software does to being a business intelligence tool.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

Because while the users were really great at allowing us to kind of create and share content on behalf of brands,

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

incredibly successful as giving our clients real-time insights.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

There's game mechanics behind the Crowdtap platform, where if a client asks a specific segment of our audience a question, they get answers back immediately.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

And that's something that is a pure play software business model, because it doesn't involve people, it doesn't involve creative, et cetera.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

So we're taking our creative and our kind of influencer business, and that's staying as Crowdtap, and it's going to be more of an agency model.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

And then we're rebranding our software platform, Suzy, as a business intelligence tool.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

Which is kind of funny.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

It's cyclical, right?

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

So we spun off a software company from the agency.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

Now we're spinning an agency off the software.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

But I think that's what you have to do as the market evolves.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

I mean, in hindsight, we probably should have.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

I think that, you know, when you have VC investors, they swing for home runs.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

They're not about singles or doubles.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

And while the company had grown, we were certainly not at the home run level.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

We maybe could have convinced the

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

buyer that, you know, we were, but it's just not something that we decided to pursue at that point.

SaaS Interviews with CEOs, Startups, Founders
924 How to Spin a Million Dollar SaaS Company Out of Media Agency

The company was growing.