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May Al-Kharouni

๐Ÿ‘ค Speaker
212 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

So really interesting.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

I actually bootstrapped for four years because there was no market cap in the industry.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

So I only got VC funding late 2018 and we got 750,000 from VC and we've been running off that since actually.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

So we were due for a fundraiser last year in COVID, but that stopped everything in the works, especially in the UK.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

So we'll probably start it up this year again.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

Absolutely.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

Yeah, it's a bit different.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

It's actually a SaaS enabled marketplace.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

So we charge a subscription fee to use the service, but our interface or face is basically like a marketplace.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

So imagine like a free eBay with data on social impact.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

Yeah, absolutely.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

It ranges depending on the sector because we work in retail, commercial and hospitality construction and anything from ยฃ500 to ยฃ2,000 per location.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

And we work obviously on volumes of locations to do with stores, restaurants, hotels and so on.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

ยฃ500 to ยฃ2,000.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

Exactly, yeah.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

Yeah, so it was about five years ago, my background's investment banking.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

And funny enough, we just moved offices across the road.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

So ironically, I used to fundraise for the old school venture capital trusts and hedge funds and property funds.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

And the facilities guys came around and said, you know, pick your new carpet color tile and your new table and your chair and your computer.

SaaS Interviews with CEOs, Startups, Founders
GlobeChain Lists Waste Products, Does $1.6m in ARR in SaaS Enabled Marketplace Model

And I was like, what are you doing with all this?

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