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Matt Ford

๐Ÿ‘ค Speaker
604 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

So we did.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

So yeah, to answer your question, like how are we keeping things going right now?

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

Um, it was a scary moment, I would say three weeks ago and you're in Austin when South by Southwest canceled, like a lot of kind of what is going to happen with the world.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

Like, and I think a lot of that is still going on, but the first week was just kind of like survival mode.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

Like

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

you know, 14, 15 hour days is trying to scramble and figure out what was going on.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

Um, and, you know, talking to my advisors and plugging into the world and seeing what I should do.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

And the consensus was, you know, what, what the hypothesis that I drew is I needed to tighten the belt as much as possible.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

So pretty much immediately we slashed a good amount of the budget and without going into detail, I would just say like non-critical expenses.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

Um,

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

Basically, I'm on a meeting right now.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

He's a little shy.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

So zooming, zooming back the, the, um, we use this as an opportunity to tighten the belt, um, re reevaluate our budget.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

There was a lot of variable expenses that were just super obvious to cut, you know, like spending 10, $20,000 a month on conferences or whatever it might be, or our travel, like those went out the window instantly.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

Um, there were a handful of hires that were coming up that we just had to postpone.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

And, you know, sometimes the tough part about running a business is like having to do some layoffs.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

So we did that.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

But really, it was all in the spirit of protecting the core team so that we could emerge.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

So right now, once again, I ran scenarios for quarter two, quarter three, quarter four.

SaaS Interviews with CEOs, Startups, Founders
1716 $60k/mo Live Event SaaS Company Virus Survival Plans

Yeah.