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Michael Kamleitner

๐Ÿ‘ค Speaker
142 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

There is definitely a way to do that and that would be like to either split up both products from the parent company and find a good co-CEO or some other way to split roles because I totally agree with you.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

What's the other product do?

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

That's a social media management tool.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

Like Hootsuite?

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

Yeah, like Hootsuite, but more on the enterprise side of things.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

So bigger companies, bigger teams using our product, but it's comparable to Hootsuite.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

Well, I see the value of each product way higher, quite honestly.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

And I don't see the need for that.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

I mean, I see a clear possibility to do this split and then, for example, go the venture route with one of both products or who knows, maybe with both even.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

That is absolutely correct.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

That is what I learned the hard way in the past months or years.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

I totally agree.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

But that's why I say the condition would be, of course, to do a split first, find someone capable, maybe from inside the team to step up in the CEO role for one of both products or find someone from outside and then really have to split.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

And only then you are completely right.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

The VC route is at least theoretically thinkable.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

Well, I can't share that with you, honestly, because I really don't have the number from top of my mind.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

What I can tell you is that this is a great business to grow through various channels, from content marketing to paid acquisition.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

Well, I can look up the CAC.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

I really don't have it from top of my head.

SaaS Interviews with CEOs, Startups, Founders
1433 Can You Run 2 $1.5m ARR Companies At Same Time?

It's obviously way, way, way lower than the lifetime value of a customer.