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Matt Ristel

๐Ÿ‘ค Speaker
259 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

And so, um, you know, that's, that's what we went through.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

And then in 2010, we really started to crack the code.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Uh, and, and then we've been, been doubling every year since.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Oh, I don't have any idea.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Oh, I mean, it was, you know, I would say less than $100,000 of ARR.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Okay.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

I mean, then it was just, I think in 2010, what we did is we really started to crack the code.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

And we figured out what was causing us to grow, what wasn't causing us to grow.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

And so we really got laser focused on the things that were working and have had ridiculous results since.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

Really good question.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

So one was we realized then that we had

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

architected T-sheets uniquely from all the other time tracking systems that were out there because T-sheets was designed for payroll.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

So all the other time tracking systems, because there were a few others that were starting to crop up, they were timers that were designed to track an hour, bill an hour, which you can do with T-sheets really well.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

But what you can't do with a timer very well is pay payroll because you don't know that an employee clocked in at 8.03 a.m.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

All you know is they worked in a lapse time of three hours yesterday.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

And TSheets actually had a timestamp in the database with a log in the background that protected both the employee and the employer.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

So it made it exponentially more complicated.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

So we started positioning everything that we did wrapped around payroll and we started to get great traction.

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

I mean, we don't actually disclose all of that information, but I mean, it's...

SaaS Interviews with CEOs, Startups, Founders
869 SaaS: Almost 1m Employees Paying $4/mo Use This Time Tracking Software

It's, it's, it's, it's, it's a lot.