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Matt Ford

๐Ÿ‘ค Speaker
604 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

Um, like, okay.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

You know, but what are they doing instead?

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

Right now they're sending ACH and wires and that's like anywhere from free or like 20 bucks a month to like $20 a payment.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

So we wouldn't have the immediate opportunity to take like 5% of a payment to an artist.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

Like people would be like, all right, no, I'm just gonna, I'm going to, I'm going to save a little efficiency and go into my bank.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

It's not worth $5,000.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

This is what I'm getting at.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

So for us, it's like, the question is, is like how, you know, there's a direct revenue stream, even if it's not 10% or 5%.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

And the strategic mode of being the payment facilitator and getting people like in love with that solution of like not having to work with their bank account every single time and having to be more organized and streamlined.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

That's what's exciting.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

But yeah, but there is a transactional opportunity as well.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

The other question is, how much is that 800 million, you know, chopped up?

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

If you think of a POS system at a bar, that's like a bunch of $5 to $10 payments.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

So for them to take 5%, it's like, whatever, let's call it a quarter to a dollar.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

So it's really easy for payments companies to take a bigger cut of a smaller transaction than a smaller cut of a bigger transaction, depending on the market.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

So that's something that we're working through right now, but still...

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

There's there's there's enough payments for it to be a very exciting opportunity for us.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

We are at 20.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

Sorry, I'm like, trying to think 27.

SaaS Interviews with CEOs, Startups, Founders
How this SaaS For Music Venues Survived Covid Then hit $3m ARR

Yeah, 27.