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Michal Sadowski

๐Ÿ‘ค Speaker
130 total appearances

Appearances Over Time

Podcast Appearances

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

Those customers are based in, let's say, all the global customers.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

We started this company as a local company.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

So actually 50% of portfolio is based in Poland where we started.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

We started in Poland as a local monitoring tool.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

Oh, what year?

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

Sorry.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

It was 2011.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

Poland, fully based in Poland.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

It's actually pretty, one of the things that shocked me that actually customers from all over the world, they don't mind buying the product.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

If it's good enough, they don't mind if it's based in Poland or anywhere.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

mostly bootstrap out of the, let's say $6 million of costs that took us to the place where we are at the moment, probably 300K, no, three, $400K was the external funding.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

The rest is bootstrap.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

So over 90% of the costs were financed by just

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

revenue from customers rather than investors.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

Yeah.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

Yeah, certainly.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

We prefer to reinvest all the profits back into the company because 2,000 customers out of the

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

tens of millions of companies that would be that are potentially interested in monitoring.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

It's not a time to high five each other.

SaaS Interviews with CEOs, Startups, Founders
1421 How He IPO'd $2m ARR Company on Polish Exchange

It's rather time to reinvest back into the company, you know, hire more developers, hire more marketing people and just scale.