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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

And so we got rid of usage-based fees and functionality and really did the math to make the most sense around what can we do, flat monthly fee, unlimited usage,

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

and really inspire teams to go all out on virtual leasing.

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

Now, you shared with us in the bio that you sent me that you already are across 220,000 units, but roll that up one level.

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

How many clients is 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.

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

So we're actually pushing 500,000 units now on the platform, which is great.

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

So rolling that up on a property level, we're around 1400 individual properties using a platform between the US and the UK.

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

And is that, is that like, I imagine one multifamily person paying you on their credit card to manage a hundred properties.

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

I'm trying to get a sense of like where the, I guess where the credit card or who the person or the organization is.

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

Well, I will say first and foremost, I wish they paid us on a credit card.

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

That is a pain point.

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

A lot of multifamily still physically cuts checks and a lot of physical checks coming in.

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

But yeah, when you roll that up to our enterprise clients, we have about 150 enterprise clients.

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

So, I mean, those are not the levels where it's worth your time to have an inside sales organization run a high touch process because they're paying for so many properties and so many units underneath.

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

Exactly.

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

And the great thing about our go-to-market strategy, we're very much land and expand.

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

So we'll get our foot in the door and launch in three or five properties in a portfolio of 50.

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

and have room to expand within that portfolio and take it from a five property client to a 25 to a 50 property client over time.

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

Well, and potentially much larger, right?

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, if you have 500,000 units and 1,500 properties, I mean, isn't that like 300 or something average units per property?