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Michael Maximoff

๐Ÿ‘ค Speaker
276 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

It's a group.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

We have this backend office that consists of admin, HR, recruitment, financial, and legal.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And we have this product services that we market.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And everyone have their own, obviously, team and the KPIs, et cetera, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And the great thing is that I was able to get my first team on the SaaS

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

of the agency to be able to build that product without actually financing it.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And then after we've successfully launched it and we see the traction, then those folks, they were able to build the team within, you know, their verticals.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

And then those teams start working on folderless separately.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

But I didn't sort of like, you know, went and sort of like hired the team and build the product.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So it was organic sort of like building of the agency, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So in terms of...

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

in terms of the cap table, right?

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So this is how the cap table looks for us.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So we don't give away equity to anyone.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So me and my partner, so the way it works is, the way it works is we are purely performance-based and revenue-sharing-based.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So in a way, we believe that if we make money, we make money and split them together.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So when I started agency, all the people that started with us and the C-level and generally,

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

Everyone is like performance based.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So in our organization, everyone has to have their own individual salary spreadsheet that they can fill out their compensation themselves.

SaaS Interviews with CEOs, Startups, Founders
Professional Services Playbook: How we used services to bootstrap our way to $3m in SaaS revenue

So in a way, they have their base, they have their table with bonuses, etc.