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Matt Weirich

๐Ÿ‘ค Speaker
349 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

It's per property.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Yeah.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

I know it's a bit convoluted.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

The multifamily industry is...

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

speaks in unit counts and because we charge per property we talk in property count and so a bit complicated well it's tricky to figure out what to price against right that's what i'm asking some people might have probably built the same business you built and priced against units others might do the same thing but price against the enterprise and you said no we're gonna do it via properties yep exactly um

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Which is strange because you have such a range.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

I mean, you mentioned you have people, you're onboarding with only five units per property.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

They're still going to pay 325 when someone else has 500 units per property.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So that was, again, sorry for any confusion on this.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So that was portfolio size.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So five properties in a portfolio, but those properties still could be 150, 250 unit properties.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So if a property is under 100 units, we have custom pricing for them on a per unit basis.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So that flat $325 per month is for 100 unit and larger buildings.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

I see.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

I see.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

I see.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Okay.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

So can I take $325 a month times $1,500 to back what you guys are doing, like almost half a million in MRR or something like that?

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Yeah, roughly.

SaaS Interviews with CEOs, Startups, Founders
Virtual Leasing Tour SaaS Hits $5m Revenue, Sells 60% at $34m Valuation Bringing on New Strategic Partner

Obviously, we have varying price based on discounting per site portfolio and some upsells on different functionality and things like that.